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GOODYEAR 8415 Old Statesville Rd

5,668 SF Retail Building Charlotte, NC 28269 $1,700,964 CAD ($300 CAD/SF) 6.28% Cap Rate

Investment Highlights

  • Top 15 National Market - Charlotte, NC is the 15th largest city in the country, creating long term growth, stability, and population influx.
  • High Visibility - The subject property is highly visible, on a corner that sees over 56,000 VPD
  • High Visibility on Busy Street – The subject property is highly visible form W.T. Harris Blvd (Hwy 24) seeing over ±37,000 vehicles per day.
  • Low Rent Per SF - Current tenant is paying less than half of market rent according to CoStar
  • Corporate Lease - Goodyear Tire & Rubber Co is the lease entity, a publicly traded company boasting a $3.8 billion market cap (2023)
  • Recent Extension – The tenant recently extended the lease with annual rent bumps, showing long-term commitment to this location.

Executive Summary

Broker of Record
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,668 SF
Building Class
B
Year Built
2000
Price
$1,700,964 CAD
Price Per SF
$300 CAD
Cap Rate
6.28%
NOI
$106,906 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.97 AC
Zoning
I2
Parking
24 Spaces (4.23 Spaces per 1,000 SF Leased)
Frontage
222 ft on Old Statesville Road

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Goodyear is dedicated to producing, innovating, and servicing the best tires in the world. Their mission began well over a century ago in Akron Ohio, and after more than a century, Goodyear has evolved to become one of the world’s largest tire companies. A global leader in creating the future of mobility, Goodyear is constantly developing new and innovative products designed to harness the power of forward movement.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - -

Nearby Major Retailers

Curves
Waffle House
Starbucks
Harris Teeter
Burn Boot Camp
Hickory Tavern
Bob Evans Restaurants

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
037-253-15
Land Assessment
$809,594 CAD
Improvements Assessment
$683,100 CAD
Total Assessment
$1,492,694 CAD
  • Listing ID: 33377371

  • Date on Market: 2024-10-02

  • Last Updated:

  • Address: 8415 Old Statesville Rd, Charlotte, NC 28269

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