Tuffy Auto Service Center

Highlights:

• Tenant Recently Exercised a 5-Year Renewal Option Thru 2028
• Double Net Lease (NN) - Minimal Landlord Responsibilities
• Corporate Guarantee From Mavis: Nation's Largest Tire Store Company With Over 2,000 Locations & Growing
• Built-To-Suit For Tuffy in 2003
• Two Five-Year Renewal Options Featuring 10% Rental Increases
• Over 83,000 People Within 5 Miles of Subject Property
• Annual Household Income In A 5 Mile Radius Exceeds $110,000
• Over 21,000 Vehicles/Day Along Williamson Road - Located Just Off River Hwy: 31,500 Vehicles/Day

Description:

Tuffy Naples

Mooresville is a town located in the southwestern section of Iredell County, North Carolina, and is a part of the fast-growing Charlotte metropolitan area. The population was 50,193 at the 2020 United States Census, making it the most populous municipality in Iredell County. It is located approximately 25 miles north of Charlotte.

Mooresville is best known as the home of many NASCAR racing teams and drivers, along with an IndyCar team and its drivers, as well as racing technology suppliers, which has earned the town the nickname "Race City USA". Also located in Mooresville is the corporate headquarters of Lowe's Corporation and Universal Technical Institute's NASCAR Technical Institute.

Charlotte is the most populous city in the state of North Carolina. Located in the Piedmont region, it is the county seat of Mecklenburg County. The population was 874,579 at the 2020 census, making Charlotte the 15th-most populous city in the U.S., the seventh-most populous city in the South, and the second-most populous city in the Southeast behind Jacksonville, Florida. The city is the cultural, economic, and transportation center of the Charlotte metropolitan area, whose 2020 population of 2,660,329 ranked 22nd in the U.S. Charlotte has seven Fortune 500 companies in its metropolitan area. Listed in order of their rank, they are: Bank of America, Honeywell, Nucor, Lowe's, Duke Energy, Sonic Automotive and Brighthouse Financial.

Charlotte is the second-largest banking center in the United States, after New York City. The nation's second largest financial institution by total assets, Bank of America, calls the city home. It is also home to the nation's sixth largest financial institution, Truist, formed from the merger of BB&T and SunTrust in 2019. Charlotte has become the regional headquarters for East Coast operations of Wells Fargo, which is headquartered in San Francisco, California. Charlotte also serves as the headquarters for Wells Fargo's capital markets activities. Bank of America's headquarters, along with other regional banking and financial services companies, are located primarily in the Uptown central business district.