Net-Leased Collision Repair
1238 Rauhut St Burlington, NC 27217
1238 Rauhut St, Burlington, NC, 27217
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For Sale
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For-sale collision repair property with a corporate-guaranteed, double-net lease in place through 2048.
Property Size6,648 SF
Price / SF$197.65
Days on Market114
Property Features for 1238 Rauhut St
General Information
- Standard status
- Active
- Size
- 6,648 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing agency
Marcus & Millichap - Houston
(713) 452-4200
Listed by
Justin Miller · License #TX 0551204
Source
Crexi
Added: Mar 30 Updated: Jul 21 at 5:22AM Checked: Jul 21 at 5:22AM
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
Location Intelligence
Current Use by Public Records
Classic Collision
Auto Repair Shop
Burling Corp
Telecommunications Service
Similar For Sale Nearby
Similar Off Market Nearby
- Coffey Towing — 220 Elmira St, Burlington, NC 27217
- Dr Mopars High Performance — 1816 Sharpe Rd, Burlington, NC 27217
FAQs
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.
