Absolute NNN Auto Tire
5429 Hwy 70 Morehead City, NC 28557
5429 Hwy 70, Morehead City, NC, 28557
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For Sale
Contact for pricing
Mavis Discount Tire offered for sale under a 20-year absolute triple-net lease with scheduled rent increases.
Days on Market102
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 Updated: Jul 22 at 3:58PM Checked: Jul 22 at 3:58PM
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
Location Intelligence
Current Use by Public Records
Auto shops
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FAQs
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
