Goodyear NNN — Waxhaw, NC

Updated November 2, 2026

$4,138,000 · 6.15% CAP · 4.8 YRS

Goodyear auto service center in the Harris Teeter-anchored Cureton Town Center in Waxhaw, fee simple, asking $4,138,000 at a 6.15% cap on $254,469 rent. The corporate NN lease runs to August 2031, about five years left, with five 5-year options. That cap is 40 bps over the 5.75% median of 187 active listings.

Lease Abstract

Price

$4,138,000

Cap rate

6.15% CAP

NOI

$254,469

Term remaining

4.8 YRS

Lease type

NN

Increases

About 7.5% every 5 years, base term and options

Options

5 x 5-year

Guarantee

Corporate

Building

6,298 SF

Lot

0.86 AC

Year built

2016

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

6,298 SF building, built 2016, 0.86 acres of land. $657/SF asking, $40.40/SF NOI. Rent increases: About 7.5% every 5 years, base term and options. Renewal options: 5 x 5-year. Corporate guarantee. Primary term ends around 2031 (4.8 yrs left at listing, Nov 2026).

Location

Waxhaw, North Carolina — 8105 Kensington Dr, Waxhaw, NC 28173. Full address and offering memorandum released on request — see our Goodyear tenant guide and the North Carolina market page for the underwriting context.