STREAM Capital Partners > Properties > All Properties > Harrell’s Tire & Auto

Harrell’s Tire & Auto

Net Lease

1835 NC-87, Cameron, NC, North Carolina
Ownership Type:
Owner/User
Price:
$3,941,605
Cap Rate:
6.85%
Current Rent:
$270,000
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Lease Term:
10 years
Landlord Responsibilities:
Roof and Structure
Renewal Options:
3, 5 Year Options
Building Sq. Ft.:
16,900 SF
Rent Increases:
3% annual starting in Year 6
Site Size:
5.45 Acres

Investment Highlights

  • LONG-TERM LEASE: The Property is secured by a 10-year lease structure with 3, five year options
  • HIGH-GROWTH SUBMARKET: Positioned in a rapidly growing Cameron submarket characterized by strong rent growth and limited vacancy, driving long-term real estate fundamentals.
  • ATTRACTIVE RENT GROWTH: Rare 3% annual rent increases commencing in year six, offering meaningful income growth and an attractive hedge against inflation.
  • STRONG DEMOGRAPHICS: The property benefits from affluent surrounding demographics with average household incomes exceeding $102,000 within a 2-mile radius, supporting strong consumer demand.
  • STRATEGIC RETAIL POSITIONING: The Property is surrounded by national retailers including Zaxby’s, Dunkin’, Taco Bell, McDonald’s, and Food Lion, reinforcing the strength of the immediate trade area.
  • PRIME RETAIL CORRIDOR: Situated along Highway 87 with traffic counts exceeding 40,000 vehicles per day, providing exceptional visibility and access.
  • STRONG CORPORATE GUARANTY: Backed by a creditworthy corporate guarantor with stable unit-level performance, ensuring long-term operational durability.
Ownership Type:
Owner/User
Price:
$3,941,605
Cap Rate:
6.85%
Current Rent:
$270,000
Lease Type:
DoubleNet
Lease Term:
10 years
Landlord Responsibilities:
Roof and Structure
Renewal Options:
3, 5 Year Options
Building Sq. Ft.:
16,900 SF
Rent Increases:
3% annual starting in Year 6
Site Size:
5.45 Acres

Listing Agents

Adam English

Managing Director
256.694.9803[email protected]

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Daniel Macks

Managing Director
847.420.2116[email protected]

Jeff Lizzo

Managing Director
630 222 8409[email protected]

Analyst

Ben Hollis

Senior Associate
256.595.2574[email protected]

Cooperating Broker: Bang Realty, Brian Brockman, [email protected], Lic: NC – 298998

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