Absolute NNN Auto Tire
For Sale
Contact for pricing
5429 Hwy 70, Morehead City, NC 28557
Mavis Discount Tire offered for sale under a 20-year absolute triple-net lease with scheduled rent increases.
Property SizeContact for details
Days on Market121
Property Features for 5429 Hwy 70
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SURMOUNT
Listed By:
Matthew Anuszkiewicz · License #NY 10401294046
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 1:07PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
A Mavis Discount Tire property is available for sale featuring approximately 9,000 rentable square feet of building area on an estimated 1.28-acre parcel. The offering is subject to a 20-year Absolute Triple-Net (NNN) lease.
The property is located at 5429 Highway 70 in Morehead City, North Carolina, and is presented as an income-producing single-tenant asset. The annual rent is $150,000 and is scheduled to increase by 5% every five years, with six (6) tenant renewal options, each for a five-year term.
This is an absolute NNN structure with lease commencement upon close of escrow and long-term built-in renewals included in the lease terms.
The property is located at 5429 Highway 70 in Morehead City, North Carolina, and is presented as an income-producing single-tenant asset. The annual rent is $150,000 and is scheduled to increase by 5% every five years, with six (6) tenant renewal options, each for a five-year term.
This is an absolute NNN structure with lease commencement upon close of escrow and long-term built-in renewals included in the lease terms.
Key Highlights
- Mavis Discount Tire for sale at 5429 Highway 70 in Morehead City, NC
- Approximately 9,000 rentable SF on an estimated 1.28‑acre parcel
- Subject to a 20‑year absolute triple‑net (NNN) lease that commences upon close of escrow
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 26%
Kountry Kitchen
Dining
3,243 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
735 visits/mo
0.5 miles
Avis Budget Car Rental
Shops & Services
401 visits/mo
0.2 miles
Demographics for 28557, NC
14,910
Population
9,168
Households
1.6
Avg Household Size
50
Median Age
40%
College-Educated
93%
High-School Grad
14.2 sq mi
ZIP Area
1,050
Density / Sq Mi
$67,753
Median Household Income
$38,534
Median Earnings
$1,143
Median Rent
$331,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- Rose Brothers Automotive — 5305 High St, Morehead City, NC 28557
- ZZ’s Speed Shop LLC. — 152 Little 9 Rd unit B, Morehead City, NC 28557
Frequently Asked Questions
What type of property is this?
Auto shop - Mavis Discount Tire offered for sale under a 20-year absolute triple-net lease with scheduled rent increases.
Where is this auto shop located?
The property is located at 5429 Hwy 70 Morehead City, NC.
What are key features of this property?
This property features: Mavis Discount Tire for sale at 5429 Highway 70 in Morehead City, NC; Approximately 9,000 rentable SF on an estimated 1.28‑acre parcel; Subject to a 20‑year absolute triple‑net (NNN) lease that commences upon close of escrow
