2607 S Main St High Point, NC 27263
Property profile & analytics
2607 S Main St High Point, NC 27263
- Retail space
- 2.67 lot acres
Property ID
US53-0316841
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Mavis Tires & Brakes / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 2607 S Main St
- Lot size
- 2.67 lot acres
- Zone code
- C
- Property type
- Retail space
- APN
- 232718
- APU
- 232718
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-tenant Mavis Discount Tires auto shop in High Point, North Carolina. The 5,866 square foot building, constructed in 2023, sits on a prime location at 2607 S Main St, boasting excellent visibility and frontage along a major commercial corridor. The property benefits from a strong corporate guarantee and a long-term net lease with Mavis, extending until April 30, 2043, with four 5-year renewal options. This translates to a remaining lease term of 18.5 years. The lease includes attractive 10% rent bumps every five years, providing a built-in hedge against inflation. The property's Net Operating Income (NOI) is $153,000, yielding a 5.85% cap rate on the $2,615,385 asking price. The location is strategically positioned near major highways (US 29 & 70, I-74, I-85), and surrounded by a dense concentration of national retailers, manufacturing, warehouse facilities, and residential neighborhoods, ensuring a robust customer base. Nearby businesses include a Walmart Supercenter and Aldi. The property is part of a developing commercial area with recent and planned additions like a Bojangles and Sam's Xpress Car Wash. Daily traffic counts on South Main Street exceed 23,100 vehicles. The surrounding area boasts a strong demographic profile, with over 38,500 people within a 3-mile radius and nearly 100,000 within 5 miles, exhibiting an average household income of $73,694. This recession-resistant investment in the automotive repair sector offers significant long-term potential, given the growing U.S. vehicle fleet and increasing demand for auto services. The landlord's responsibilities are minimal, with the tenant responsible for most operating expenses. The building features a new roof with a 15-year transferable warranty.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,060,000
- ML approach
- $1,225,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- High Point
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.9862
- Latitude
- 35.928
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$37,170
$1,339,800
$1,537,600
$2,877,400
-
$1,339,800
$1,537,600
$2,877,400
