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Tire House | North Carolina | 15 Year Absolute Net Lease | 2022 Renovation | High Traffic Counts

100 Greenville Boulevard SE, Greenville, NC 27858

Listing Price: $3,042,463

Cap Rate
5.75%
Tenant Name
Tire House
Years Remaining On Lease
13.9
Gross SF
4,531
Guarantor
Corporate Guarantee
Rentable SF
4,531
Price/Gross SF
$671.48
Lease Type
Absolute Net
Rent Per Square Feet
$38.61

Investment Overview

Greenville is the county seat of and the most populous city in Pitt County, North Carolina; the principal city of the Greenville metropolitan area; and the 12th-most populous city in North Carolina. Greenville is the health, entertainment, and educational hub of North Carolina's Tidewater and Coastal Plain. The city's official population is 87,521. Greenville is the home of East Carolina University, the fourth-largest university in the University of North Carolina system, and ECU Health Medical Center, the flagship hospital for ECU Health and the teaching hospital for the Brody School of Medicine. Companies with headquarters in Greenville include ECU Health, NMHG Americas, Grady White, Metrics, and Attends Health Care Products. The city's industry historically was centered on the sale and processing of tobacco, but today the major industries are health care, education and manufacturing. The largest employer is ECU Health (formerly Vidant Medical Center) and the second largest is East Carolina University with specialized manufacturing and scientific industries augmenting the employment portfolio. ECU Health is also home to the robotic heart surgery training center founded by Dr. Randolph Chitwood who holds several patents related to the daVinci surgical robot.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Annual CPI Adjustments throughout the Initial Term and Options. 2022 Complete Interior and Exterior Renovation.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 58k Vehicles.
  • In Close Proximity to Greenville Mall - a Dominant Retail Hub with its Diverse Lineup of more than 60 Retailers and Restaurants including.
  • Directly Across from a Target Anchored Retail Center and Near Numerous other National Retailers including Walmart Supercenter, Harris Teeter, Walgreens, Best Buy, Publix, Ross and many more.
  • Densely Populated & Affluent Area: Features an Average Household Income of $80k+ within a 1-Mile Radius and over 122k People Residing within a 5-Mile Radius.
  • Minutes from East Carolina University, the 4th Largest University in the University of North Carolina System, with approximately 29k Students Currently Enrolled.
  • Near Greenville North Carolina Convention Center - one of the Southeast's Largest Venues, Boasting 280,000 Square Feet of Impressive Event Space.
  • Greenville is Widely Recognized as the Thriving Cultural, Educational, Economic, and Medical Hub of Eastern North Carolina.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Auto Service - Gas-Conv

Tire House | North Carolina | 15 Year Absolute Net Lease | 2022 Renovation | High Traffic Counts

Listing Price: $3,042,463

Cap Rate
5.75%
Tenant Name
Tire House
Years Remaining On Lease
13.9
Gross SF
4,531
Guarantor
Corporate Guarantee
Rentable SF
4,531
Price/Gross SF
$671.48
Lease Type
Absolute Net
Rent Per Square Feet
$38.61

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Annual CPI Adjustments throughout the Initial Term and Options. 2022 Complete Interior and Exterior Renovation.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 58k Vehicles.
  • In Close Proximity to Greenville Mall - a Dominant Retail Hub with its Diverse Lineup of more than 60 Retailers and Restaurants including.
  • Directly Across from a Target Anchored Retail Center and Near Numerous other National Retailers including Walmart Supercenter, Harris Teeter, Walgreens, Best Buy, Publix, Ross and many more.
  • Densely Populated & Affluent Area: Features an Average Household Income of $80k+ within a 1-Mile Radius and over 122k People Residing within a 5-Mile Radius.
  • Minutes from East Carolina University, the 4th Largest University in the University of North Carolina System, with approximately 29k Students Currently Enrolled.
  • Near Greenville North Carolina Convention Center - one of the Southeast's Largest Venues, Boasting 280,000 Square Feet of Impressive Event Space.
  • Greenville is Widely Recognized as the Thriving Cultural, Educational, Economic, and Medical Hub of Eastern North Carolina.

Investment Overview

Greenville is the county seat of and the most populous city in Pitt County, North Carolina; the principal city of the Greenville metropolitan area; and the 12th-most populous city in North Carolina. Greenville is the health, entertainment, and educational hub of North Carolina's Tidewater and Coastal Plain. The city's official population is 87,521. Greenville is the home of East Carolina University, the fourth-largest university in the University of North Carolina system, and ECU Health Medical Center, the flagship hospital for ECU Health and the teaching hospital for the Brody School of Medicine. Companies with headquarters in Greenville include ECU Health, NMHG Americas, Grady White, Metrics, and Attends Health Care Products. The city's industry historically was centered on the sale and processing of tobacco, but today the major industries are health care, education and manufacturing. The largest employer is ECU Health (formerly Vidant Medical Center) and the second largest is East Carolina University with specialized manufacturing and scientific industries augmenting the employment portfolio. ECU Health is also home to the robotic heart surgery training center founded by Dr. Randolph Chitwood who holds several patents related to the daVinci surgical robot.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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