801 Mitchell St Kinston, NC 28501

This exceptional investment opportunity presents a 6,000 square foot, single-tenant storefront located at 801 Mitchell St, Kinston, NC 28501. The property, built in 2007, is a Class B building situated on a 0.095-acre lot and includes 27 parking spaces. Currently 100% occupied by a credit-rated Carquest Auto Parts, the property boasts a strong net lease with a remaining term of 3 years, commencing December 1, 2023, and expiring November 30, 2027. The lease includes two 5-year options. The asking price is $840,000, representing a price per square foot of $140 and a 9.00% cap rate, with a current NOI of $75,600. The tenant, Carquest Auto Parts, operates a specialized paint and color mixing operation requiring special permitting. This location benefits from a strong co-tenancy with national brands including McDonald's, Dollar Tree, Advance Auto Parts, and Piggly Wiggly. This is a rare opportunity to acquire a well-located, net-leased property with a strong tenant and significant upside potential.