Kannapolis, NC (Charlotte MSA) 28083

Mavis Tires & Brakes Sale-Leaseback

Property Address

1101 S Chapel St, Kannapolis, NC, USA

Offering Summary

  • Price: $2,566,372
  • Lot Size: 1.16 Acres
  • Cap Rate: 5.65%
  • Year Built: 2025
  • Building SF: 5,564
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, and Exhaust Work
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 3,500 Service Centers Throughout the U.S.
  • Positioned Along North Cannon Blvd (US Highway 29), a Primary Commercial Thoroughfare Serving Kannapolis and the Greater Concord Market
  • Growing Charlotte MSA with 67,451 Residents within a Five-Mile Radius
  • Minutes from the Revitalized Downtown Kannapolis District, Home to the 350-Acre North Carolina Research Campus
  • Convenient Access to Interstate 85, Connecting Kannapolis to Charlotte, Concord, Salisbury, and the Greater Piedmont Region
  • Limited Nonresident Commercial Real Estate Brokers: Mark Ruble: LC1057; Chris Lind: LC1060; Zack House: LC1059; Alex Frankel: LC1058

Broker Information