Net-Leased Collision Repair
For Sale
Contact for pricing
Pending
1238 Rauhut St, Burlington, NC 27217
For-sale collision repair property with a corporate-guaranteed, double-net lease in place through 2048.
Property Size6,648 SF
Days on Market159
Property Features for 1238 Rauhut St
General Information
Standard status
Pending
Size
6,648 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Building Details
Year Built
1989
Tenancy
Single
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Justin Miller · License #TX 0551204
(713) 452-4200
Source:
Crexi
Added: Mar 30
Changed: Aug 8
Last Checked: Jul 24 at 10:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
The property is a net-leased collision repair facility occupied by Classic Collision under a full corporate guarantee. The lease is structured as a double-net agreement and was commenced in October 2023, with approximately 8 years remaining on the initial term. The tenant also has three successive five-year renewal options, extending occupancy through 2048.
Built-in rent growth features 10% escalations every five years with limited landlord responsibility. The asset is positioned along the South Church St corridor, carrying approximately 26,000 vehicles per day, and is located adjacent to Alamance Regional Medical Center (238-bed hospital), one exit from the I-40/I-85 interchange.
As provided, the tenant operates as one of the largest privately held collision repair operators in the U.S. with 350+ locations.
Built-in rent growth features 10% escalations every five years with limited landlord responsibility. The asset is positioned along the South Church St corridor, carrying approximately 26,000 vehicles per day, and is located adjacent to Alamance Regional Medical Center (238-bed hospital), one exit from the I-40/I-85 interchange.
As provided, the tenant operates as one of the largest privately held collision repair operators in the U.S. with 350+ locations.
Key Highlights
- For‑sale collision repair property with corporate tenant Classic Collision on a double‑net lease structure.
- Lease commenced October 2023 with ~8 years remaining on the initial term, plus three 5‑year renewal options extending occupancy through 2048.
- Full corporate guarantee in place; Classic Collision operates 350+ locations in the U.S., backed by New Mountain Capital.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
4k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,282 visits/mo
0.2 miles
Demographics for 27217, NC
39,556
Population
16,392
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
82%
High-School Grad
123.2 sq mi
ZIP Area
321
Density / Sq Mi
$50,770
Median Household Income
$34,253
Median Earnings
$859
Median Rent
$164,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Coffey Towing — 220 Elmira St, Burlington, NC 27217
- Dr Mopars High Performance — 1816 Sharpe Rd, Burlington, NC 27217
Frequently Asked Questions
What type of property is this?
Auto shop - For-sale collision repair property with a corporate-guaranteed, double-net lease in place through 2048.
Where is this auto shop located?
The property is located at 1238 Rauhut St Burlington, NC.
What is the asking price?
The asking price for this property is $1,314,000.
What are key features of this property?
This property features: For‑sale collision repair property with corporate tenant Classic Collision on a double‑net lease structure.; Lease commenced October 2023 with ~8 years remaining on the initial term, plus three 5‑year renewal options extending occupancy through 2048.; Full corporate guarantee in place; Classic Collision operates 350+ locations in the U.S., backed by New Mountain Capital.
