Gastonia, NC - Mr. Tire & Tire Choice
$2,775,000
335-335A W Franklin Blvd, Gastonia, NC 28052
6.25
Cap Rate
173,343
NOI
Details:
Description:
• Fee simple interest (land & building ) in a fully leased, 14,496 SF retail space in the heart of Gastonia - one of North Carolinas ---
• The property is occupied by established automotive service business, benefiting from an existing location along West Franklin Boulevard
• Automotive maintenance, tire replacement, and repair services provide recurring consumer needs, supporting the property’s positioning as a service oriented retail investment
• National tenants in the meditate trade area consist of Whataburger, Chick-fil-A, Dave’s Hot Chicken, Wendy’s, McDonald’s, Burger King, and more
• Big box retailers in close proximity to the subject such as Walmart Supercenter, Target, Lowes, Best Buy, Dicks Sporting Goods, and more
• The planned Franklin Yards mixed-use development represents approximately $50 million in private investment and is expected to deliver 252 multifamily residential units and up to 7,000 SF of commercial space (Article)
• Franklin Square retail shops are just 3 miles away from the subject and ranks in the top 94th percentile nationwide and has averaged more than 19.7 million visitors in the past 12 months according to Placer.ai
Location
Gallery