2722 Polkville Rd, Shelby, NC 28150-2852

Exceptional investment opportunity: a 7,200 square foot auto shop located at 2722 Polkville Rd, Shelby, NC 28150, in Cleveland County. This property boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $115,200. The building, constructed in 1970 and renovated in 1987, sits on a substantial 3.7-acre lot. The property is currently 100% occupied under a 20-year absolute triple net (NNN) lease with a corporate guarantee, providing significant long-term stability and minimal landlord responsibilities. The lease features attractive rental increases, offering further upside potential. The remaining lease term is 20 years, providing a secure and predictable income stream for years to come. This is a rare opportunity to acquire a well-established, high-performing auto shop with a long-term lease and significant upside potential. The property's size and location in Shelby, NC make it an ideal investment for those seeking a stable, high-return asset in the automotive sector. This offering presents a compelling investment opportunity with a strong tenant, long-term lease, and attractive financial metrics.