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Auto Parts

Classic Collision

2208 E Dixon Blvd, Shelby, NC 28152

Listing Price: $2,400,000

Cap Rate
7.00%
Tenant Name
Classic Collision
Years Remaining On Lease
9.8
Gross SF
11,550
Guarantor
Corporate Guarantee
Rentable SF
11,550
Price/Gross SF
$207.79
Lease Type
Double Net
Rent Per Square Feet
$14.55

Investment Overview

A massive proposed development on ~1,000 acres of land along US-74, adding hundreds of townhomes, single family lots, and commercial and industrial sites, is moving forward (as of Feb 2024). The project, called Blanton Farm, would add 1,152 single family homes and up to 491 townhome units to the area.

Investment Highlights

  • Brand New 10-Year Lease with Classic Collision (310+ Locations)
  • Healthy Annual Rent Increases to Hedge Against Inflation
  • Site is Positioned on Highly Trafficked US-74 (40,500+ VPD)
  • Minimal Landlord Responsibilities on a Long-Term Lease
  • Within Close Proximity to Nearby Dealerships (Renaldo Honda, Kia, Discovery Nissan, Classic Ford Lincoln, Marburger Chrysler Dodge Jeep RAM), Regional Shopping Mall, National Retailers (McDonalds, Sunbelt Rentals, Hobby Lobby, Advance Auto Parts, Sherwin Williams, Harbor Freight), and Cleveland Community College

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Auto Parts

Classic Collision

Listing Price: $2,400,000

Cap Rate
7.00%
Tenant Name
Classic Collision
Years Remaining On Lease
9.8
Gross SF
11,550
Guarantor
Corporate Guarantee
Rentable SF
11,550
Price/Gross SF
$207.79
Lease Type
Double Net
Rent Per Square Feet
$14.55

Investment Highlights

  • Brand New 10-Year Lease with Classic Collision (310+ Locations)
  • Healthy Annual Rent Increases to Hedge Against Inflation
  • Site is Positioned on Highly Trafficked US-74 (40,500+ VPD)
  • Minimal Landlord Responsibilities on a Long-Term Lease
  • Within Close Proximity to Nearby Dealerships (Renaldo Honda, Kia, Discovery Nissan, Classic Ford Lincoln, Marburger Chrysler Dodge Jeep RAM), Regional Shopping Mall, National Retailers (McDonalds, Sunbelt Rentals, Hobby Lobby, Advance Auto Parts, Sherwin Williams, Harbor Freight), and Cleveland Community College

Investment Overview

A massive proposed development on ~1,000 acres of land along US-74, adding hundreds of townhomes, single family lots, and commercial and industrial sites, is moving forward (as of Feb 2024). The project, called Blanton Farm, would add 1,152 single family homes and up to 491 townhome units to the area.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

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