For Sale
$943,000

1863 Dixon BlvdShelby, NC 28152

High-yield auto shop, 10-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity: a 4,600 square foot auto shop in Shelby, NC, boasting a strong 7.00% cap rate and a brand new 10-year lease with Classic Collision, a reputable company operating over 310 locations. The property, located at 1863 E Dixon Blvd, sits on a 1.3-acre lot and benefits from a prime location on highly trafficked US-74 (40,500+ vehicles per day), ensuring high visibility and accessibility. The lease, commencing October 1, 2024, and expiring October 1, 2034, includes a corporate guarantee and built-in 2% annual rent increases, providing excellent protection against inflation. The asking price is $943,000, translating to $205 per square foot. The property's Net Operating Income (NOI) is $66,000. Built in 1968, this single-tenant property requires minimal landlord responsibilities. The lease includes three 5-year renewal options. The property enjoys excellent proximity to numerous dealerships (Renaldo Honda, Kia, Discovery Nissan, Classic Ford Lincoln, Marburger Chrysler Dodge Jeep RAM), a regional shopping mall, and national retailers (McDonald's, Sunbelt Rentals, Hobby Lobby, Advance Auto Parts, Sherwin Williams, Harbor Freight), as well as Cleveland Community College. Furthermore, a significant development project, Blanton Farm, is underway, adding hundreds of residential units and commercial/industrial spaces along US-74, promising future growth and increased property value. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential.

Highlights

  • Brand new 10-year lease with Classic Collision (310+ locations).
  • Annual rent increases protect against inflation.
  • High-traffic location on US-74 (40,500+ VPD).
  • Low landlord responsibilities with long-term lease.
  • Excellent location near dealerships, a regional mall, national retailers, and Cleveland Community College.
  • Adjacent to the planned Blanton Farm development (1,152 single-family homes and up to 491 townhomes).

Property Details for 1863 Dixon Blvd

Property type
Retail properties, Auto shops
Square Feet
4,600 SF
Year Built
1968
Lot Size (sq. ft)
56,628 SF

Location Insight

City
Shelby
County
Cleveland
State
North Carolina
Latitude
35.269574
Longitude
-81.4876619
1863 Dixon Blvd, Shelby, North Carolina

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1863 Dixon Blvd
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