Mavis NNN
For Sale
Contact for pricing
129 Lowes Blvd, Lexington, NC 27292
Absolute triple-net lease structure with scheduled rent growth and multiple renewal options.
Property SizeContact for details
Days on Market145
Property Features for 129 Lowes Blvd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 1:24AM
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.
The property is occupied by Mavis at 129 Lowes Blvd in Lexington, NC, with approximately 6,500 square feet of rentable building area on an estimated 1.03-acre parcel. The site is positioned for an automotive service use and is offered with an absolute triple-net lease structure.
The lease begins at closing and carries a 20-year base term. Contractual rent increases are set at 5% every 5 years during the initial term, with the same escalation applying through each renewal period. The agreement also includes 6 additional 5-year renewal options, providing a defined long-term lease framework for the asset.
The lease begins at closing and carries a 20-year base term. Contractual rent increases are set at 5% every 5 years during the initial term, with the same escalation applying through each renewal period. The agreement also includes 6 additional 5-year renewal options, providing a defined long-term lease framework for the asset.
Key Highlights
- Mavis occupies approximately 6,500 rentable square feet on an estimated 1.03‑acre parcel
- 20‑year absolute triple‑net lease commences upon close of escrow
- Rent increases by 5% every 5 years during the base term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
348k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Superstores 26%
Home Improvements & Furnishings 18%
Dining 16%
Walmart
Superstores
91,309 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
44,872 visits/mo
0.2 miles
Gabe's
Shops & Services
25,235 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
23,363 visits/mo
0.5 miles
Shell
Shops & Services
23,185 visits/mo
0.5 miles
Demographics for 27292, NC
39,337
Population
18,749
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
144.0 sq mi
ZIP Area
273
Density / Sq Mi
$54,468
Median Household Income
$34,776
Median Earnings
$831
Median Rent
$193,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute triple-net lease structure with scheduled rent growth and multiple renewal options.
Where is this nnn property located?
The property is located at 129 Lowes Blvd Lexington, NC.
What are key features of this property?
This property features: Mavis occupies approximately 6,500 rentable square feet on an estimated 1.03‑acre parcel; 20‑year absolute triple‑net lease commences upon close of escrow; Rent increases by 5% every 5 years during the base term
