2722 Polkville RdShelby, NC 28150

Property Details for 2722 Polkville Rd

Year built

1970

Lot size

3.70 AC

Property size (Sq ft)

4,400 SF

Zone code

AA5

Property type

Auto shops

APN

28154

APU

28154

Description

Exceptional investment opportunity: a 7,200 square foot auto shop located at 2722 Polkville Rd, Shelby, NC 28150, in Cleveland County. This property boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $115,200. The building, constructed in 1970 and renovated in 1987, sits on a substantial 3.7-acre lot. The property is currently 100% occupied under a 20-year absolute triple net (NNN) lease with a corporate guarantee, providing significant long-term stability and minimal landlord responsibilities. The lease features attractive rental increases, offering further upside potential. The remaining lease term is 20 years, providing a secure and predictable income stream for years to come. This is a rare opportunity to acquire a well-established, high-performing auto shop with a long-term lease and significant upside potential. The property's size and location in Shelby, NC make it an ideal investment for those seeking a stable, high-return asset in the automotive sector. This offering presents a compelling investment opportunity with a strong tenant, long-term lease, and attractive financial metrics.

Location Insight

City

Shelby

County

Cleveland

State

North Carolina

Latitude

35.3469

Longitude

-81.5697

CBSA code

43140

CBSA name

SHELBY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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