Advance Auto Parts

Net Lease

2142 Rocky River Road, Charlotte, North Carolina

Ownership Type:

Owner/User

Price:

$1,973,378

Cap Rate:

6.75%

Current Rent:

$133,203

Tenancy:

Single Tenant

Lease Type:

Triple Net

Lease Term:

15 years

Landlord Responsibilities:

Structure Only

Renewal Options:

Three, 5-Year

Building Sq. Ft.:

6,404 SF

Rent Increases:

10% Every 5 years

Site Size:

0.91 Acres

Investment Highlights

Long Term, NNN Lease: 9 years remaining, with the landlord responsible only for the structure, ensuring minimal obligations.
Strong Tenant: The lease is corporately guaranteed by Advance Auto Parts, a stable and reliable tenant with over 4,700 locations nationwide.
Hedge Against Inflation: Rare 10% rent increase every five years including option periods. Next rent bump in March 2029 pushing cap rate to 7.4%.
Interstate Access: Situated off East W.T. Harris Blvd – Interstate 24 (39K VPD) a major transportation artery connecting Charlotte to regional and national markets.
Long Term Tenancy: Tenant has occupied this location for over 15 years and recently renewed for an additional 10 years demonstrating strong commitment to the site.
Growing Market: Major residential developments are underway, signaling strong demand in the area. A 100+ unit multifamily project is being developed off E.W.T. Harris Blvd, while a 109-home luxury single-family community is taking shape off Rocky River Rd.

Access Offering Memorandum

Ownership Type:

Owner/User

Price:

$1,973,378

Cap Rate:

6.75%

Current Rent:

$133,203

Lease Type:

Triple Net

Lease Term:

15 years

Landlord Responsibilities:

Structure Only

Renewal Options:

Three, 5-Year

Building Sq. Ft.:

6,404 SF

Rent Increases:

10% Every 5 years

Site Size:

0.91 Acres

Listing Agents

Adam English

Managing Director
256.694.9803[email protected]

Dorothy Lee

Vice President
626.236.3823[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Cooperating Broker: Bang Realty-North Carolina, Lic: NC – 298998

Download Offering Memorandum

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