Building Details

Tenancy Single

Listing Agency: JP & Associates Realtors

Listed By: Edward Koepenick · License #NC 304775

Source: Crexi

Added: Apr 10 Changed: Jul 21 Last Checked: Jul 29 at 1:34PM

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Investment Insights

Based on property information with market context.

This is a corporate sale-leaseback opportunity for an NNN property leased to Mountain Creek Contractors Inc. The tenant specializes in concrete construction services including box culverts, deep foundations, shoring, and heavy civil concrete work. The lease is structured as a ten (10) year term with two (2) options to renew for five (5) years each, with a 10% rent increase at each renewal option. The lease is to be executed upon closing.

The facility is located at 205 E. Central Avenue in Catawba, North Carolina, approximately one hour from Charlotte. It sits just south of I-40, and Catawba is described as being halfway between Hickory and Statesville along the Catawba River.

Key Highlights

• 10‑year NNN sale‑leaseback with Mountain Creek Contractors Inc. as the tenant
• Two 5‑year renewal options available, with a 10% rent increase at each renewal
• Lease to be executed upon closing

Property Analytics

Current Use

NNN properties

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Pharmacy Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

117

Businesses Nearby

Explore this area Business Placement

Demographics for 28609, NC

6,137

Population

3,264

Households

1.9

Avg Household Size

46

Median Age

17%

College-Educated

84%

High-School Grad

45.7 sq mi

ZIP Area

134

Density / Sq Mi

$81,756

Median Household Income

$45,846

Median Earnings

$1,090

Median Rent

$229,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

NNN property - Corporate sale-leaseback with a 10-year NNN lease and two five-year renewal options for a concrete construction tenant.

Where is this nnn property located?

The property is located at 205 E Central Avenue Catawba, NC.

What are key features of this property?

This property features: 10‑year NNN sale‑leaseback with Mountain Creek Contractors Inc. as the tenant; Two 5‑year renewal options available, with a 10% rent increase at each renewal; Lease to be executed upon closing