2208 Dixon Blvd, Shelby, NC 28152-8934

This exceptional investment opportunity presents a 11,550-square-foot auto shop located at 2208 E Dixon Blvd, Shelby, NC 28152. The property boasts a brand new 10-year net-net lease with Classic Collision, a reputable company operating over 310 locations. The lease commenced October 1, 2024, and includes a remaining term of 9.9 years with annual rent increases of 2%, effectively hedging against inflation. The property sits on a 2.49-acre lot and was built in 2001. The current occupancy is 100%, generating a strong net operating income (NOI) of $168,000 and a compelling 7.00% capitalization rate. The asking price is $2,400,000, translating to a price per square foot of $207.79. The property benefits from its strategic location on highly trafficked US-74 (40,500+ vehicles per day), near major dealerships, a regional shopping mall, national retailers, and Cleveland Community College. Furthermore, a significant development project, Blanton Farm, is underway, adding hundreds of residential units and commercial spaces to the area, promising future growth and increased property value. The lease includes three 5-year renewal options, providing long-term stability and investment security. This is a rare opportunity to acquire a high-performing, well-located asset with significant upside potential.