1863 Dixon Blvd, Shelby, NC 28152-6901

Exceptional investment opportunity: a 4,600 square foot auto shop in Shelby, NC, boasting a strong 7.00% cap rate and a brand new 10-year lease with Classic Collision, a reputable company operating over 310 locations. The property, located at 1863 E Dixon Blvd, sits on a 1.3-acre lot and benefits from a prime location on highly trafficked US-74 (40,500+ vehicles per day), ensuring high visibility and accessibility. The lease, commencing October 1, 2024, and expiring October 1, 2034, includes a corporate guarantee and built-in 2% annual rent increases, providing excellent protection against inflation. The asking price is $943,000, translating to $205 per square foot. The property's Net Operating Income (NOI) is $66,000. Built in 1968, this single-tenant property requires minimal landlord responsibilities. The lease includes three 5-year renewal options. The property enjoys excellent proximity to numerous dealerships (Renaldo Honda, Kia, Discovery Nissan, Classic Ford Lincoln, Marburger Chrysler Dodge Jeep RAM), a regional shopping mall, and national retailers (McDonald's, Sunbelt Rentals, Hobby Lobby, Advance Auto Parts, Sherwin Williams, Harbor Freight), as well as Cleveland Community College. Furthermore, a significant development project, Blanton Farm, is underway, adding hundreds of residential units and commercial/industrial spaces along US-74, promising future growth and increased property value. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential.