For Sale
$767,676

946 Chapman StGreensboro, NC 27403

High-Cap Rate Auto Shop, Greensboro, NC

Overview

Added:
Dec 11, 2024
Days on market:
116
This Greensboro, NC commercial property presents a compelling investment opportunity. Located at 946 S Chapman St, this single-tenancy auto shop boasts 4,218 square feet on a 0.25-acre lot. The building, constructed in 1950, features a 2,898 square foot conditioned warehouse and a 1,320 square foot office/showroom area, complete with two convenient drive-in doors. The property is situated in a prime location between Gate City Blvd and Spring Garden Rd, offering excellent proximity to I-40 for easy access. Its strategic location also places it within walking distance of the Greensboro Coliseum and Aquatic Center, ensuring high visibility and accessibility. Currently operating under a NNN lease expiring December 30, 2027, the property offers a strong 8.00% cap rate with a Net Operating Income (NOI) of $61,414 and an asking price of $767,676. This Class C retail property represents a solid investment for discerning buyers seeking a well-located, established business in a thriving area. The one-story building provides ample space for a variety of automotive-related businesses or adaptable uses. This is a rare opportunity to acquire a well-positioned property with a proven track record in a high-traffic area of Greensboro.

Highlights

  • $767,676 asking price for this Greensboro, NC retail property.
  • 4,218 square foot auto shop with a 8.00% cap rate.
  • Property features 2,898 sq ft warehouse and 1,320 sq ft office/showroom; two drive-in doors.
  • Located between Gate City Blvd and Spring Garden Rd, near I-40, Greensboro Coliseum, and Aquatic Center.
  • Class C, single-tenant, NNN lease expiring 12/30/2027; $61,414 NOI.
  • 0.25-acre lot; 1-story building built in 1950.

Property Details for 946 Chapman St

Property type
Retail properties, Auto shops
Square Feet
4,218 SF
Class
C
Year Built
1950
Stories
1
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.06236213
Longitude
-79.82379873
946 Chapman St, Greensboro, North Carolina

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946 Chapman St
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