8415 Old Statesville Rd, Charlotte, NC 28269-1850

This exceptional investment opportunity presents a 5,668 square foot auto service center in Charlotte, NC, currently 100% occupied by Goodyear Auto Service, Caliber Collision, Take 5 Oil Change, and Mavis Discount Tires. Located at 8415 Old Statesville Rd, in Mecklenburg County (zip code 28269), this property sits on a 0.97-acre lot and boasts a strong 6.28% cap rate, generating a Net Operating Income (NOI) of $75,420. The building, constructed in 2000, benefits from a corporate guarantee lease with a remaining term of 5 years, featuring annual rent increases. The current rent per square foot is $9.45, significantly below market rates, offering substantial upside potential. This high-visibility location on a busy thoroughfare sees over 137,000 vehicles daily, ensuring consistent customer traffic. The property benefits from a low local vacancy rate of under 3%, providing market stability and ease of future tenant retention. Charlotte's position as the 15th largest city in the US ensures long-term growth and population influx, making this a secure and profitable investment. The tenant's recent lease extension underscores their commitment to this prime location. The enduring need for tire service centers, even in the face of electric vehicles and e-commerce, further solidifies this investment's long-term viability. Asking price is $1,200,000.