Absolute NNN Auto Tire
For Sale
Contact for pricing
Pending
5429 Hwy 70 W, 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 Market150
Property Features for 5429 Hwy 70 W
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Raleigh
Listed By:
Donald Gilchrist · License #NC 241055
Source:
Crexi
Added: Apr 12
Changed: Sep 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 Marcus & Millichap - Raleigh
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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Similar Off Market Nearby
- ALCOLOCK Ignition Interlock — 117 Turners Dairy Rd Suite B, Morehead City, NC 28557
- 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
- Family Tire & Auto Service — 5429 US-70, Morehead City, NC 28557
- gmps-kurtis — kurtis chevrolet, 5369 hwy 70 w, 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 W 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
