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12035 Park Road
Charlotte, NC 28134
Asking Price
$8.18M
Cap Rate
6.75%
Asset Type
Auto Shop Retail
Class
Class B
What's Special
High-Visibility Location Along a Primary Charlotte Corridor <p><span style="color: rgba(0, 0, 0, 1)">Surmount is pleased to present the exclusive listing for a Caliber Collision located at 12035 Park Road, Charlotte, NC 28134. The site consists of roughly 26,845 rentable square feet of building space on an estimated 3.1-acre parcel of land. Caliber Collision is subject to a 15-year Double Net (NN) lease, which commenced 11/14/2016.</span></p>
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NOI
$80,000
Cap Rate
0.98%
DSCR
0.16
Underwater
Cash-on-Cash
-16.53%
Monthly Payment
$40,471.918
Annual Cash Flow
$-405,663.02
