Classic Collision | 2208 E Dixon Blvd
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Classic Collision 2208 E Dixon Blvd
11,550 SF Retail Building Shelby, NC 28152 $2,400,000 ($208/SF) 7% Cap Rate
Investment Highlights
- Brand New 10-Year Lease with Classic Collision (310+ Locations)
- Site is Positioned on Highly Trafficked US-74 (40,500+ VPD)
- Healthy Annual Rent Increases to Hedge Against Inflation
Executive Summary
Within Close Proximity to Nearby Dealerships (Renaldo Honda, Kia, Discovery Nissan, Classic Ford Lincoln, Marburger Chrysler Dodge Jeep RAM), Regional Shopping Mall, National Retailers (McDonalds, Sunbelt Rentals, Hobby Lobby, Advance Auto Parts, Sherwin Williams, Harbor Freight), and Cleveland Community College
A massive proposed development on ~1,000 acres of land along US-74, adding hundreds of townhomes, single family lots, and commercial and industrial sites, is moving forward (as of Feb 2024). The project, called Blanton Farm, would add 1,152 single family homes and up to 491 townhome units to the area.
A massive proposed development on ~1,000 acres of land along US-74, adding hundreds of townhomes, single family lots, and commercial and industrial sites, is moving forward (as of Feb 2024). The project, called Blanton Farm, would add 1,152 single family homes and up to 491 townhome units to the area.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
11,550 SF
Building Class
C
Year Built
2001
Price
$2,400,000
Price Per SF
$208
Cap Rate
7%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
2.49 AC
Zoning
GB
Parking
31 Spaces (2.68 Spaces per 1,000 SF Leased)
Frontage
270 FT on Hoey Church Road
PROPERTY TAXES
| Parcel Number | 50981 | Improvements Assessment | $409,549 |
| Land Assessment | $173,424 | Total Assessment | $582,973 |
PROPERTY TAXES
Parcel Number
50981
Land Assessment
$173,424
Improvements Assessment
$409,549
Total Assessment
$582,973
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Justin Miller -
Spencer Ward -
Donald Gilchrist -
Marcus & Millichap
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Classic Collision | 2208 E Dixon Blvd
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