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Auto Repair For Sale • 6,046 SF
| Rare 100% Absolute NNN corporate lease (land & building) with Goodyear Tire & Rubber, Inc. – the third largest tire manufacturer in the world |
| 28+ Year Operating History & New 15-Year Commitment: Operating since 1998, recently executed a 15-yr lease extension with 2 additional 5-yr options |
| Corporate guaranty from Goodyear Tire & Rubber Co. (NASDAQ: GT); $2.4B market cap, $250M+ net income, a 127-year-old company |
| Extremely rare 18.75% rent increases every five years, including during both option periods, provides inflation protection for 25 years |
| Below Market Rent, Low Basis Investment: Neighboring parcels are garnering over $70 PSF in base rent |
| Situated in Cornelius within the Lake Norman submarket: Avg HHI exceeds $135,000 & luxury estates trade as high as $20M+ |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Concord-Padgett Regional | 25 min | - | 17.3 mi |
| Charlotte/Douglas International | 36 min | - | 25.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 16 |
| Type: | Surface |
| Included in Rent: | Yes |
David Chasin
Pegasus Investments
David Chasin
Pegasus Investments
