Christian Brothers NNN Lease Investment 5220 Poplar Tent Rd

Christian Brothers Automotive (CBA) opened this Concord, NC (Charlotte MSA) location in 2017. The attractive absolute NNN, 15-year lease has 8.5 years remaining on the initial term with rare annual rent increases of 1.5% and five 10-year renewal options. Houston based CBA operates over 250 full-service auto repair facilities in 30 states and is renowned for its customer service and state of the art facilities.

Located along a busy retail corridor with nearly 13,000 vehicles per day, this CBA is one block from the intersection of George W. Liles Pkwy with over 34,700 vehicles per day. The attractive ±6,154 SF all-brick structure has a large reception area, offices, five drive-in two-sided bays, and sits on ±1.23 acres. Five-mile demographics include a population of over 114,000 with an average household income of over $111,000.

Nearby retailers include Harris Teeter, AutoZone, Auto Parts, CVS, Walgreen’s, Bojangles’, Firestone, Chick-fil-A, Kids ‘R’ Kids Learning Academy, and more. Cabarrus County has a large presence of national manufacturers including Corning, Red Bull, Rauch North America, General Motors, and GoldenHome International. Additionally, global pharmaceutical giant Eli Lilly recently invested $1 billion dollars in a five-building campus in Concord. This area is forecast to grow almost 2% annually through 2029, placing Concord as one of the fastest growing cities in the state. Additionally, the Charlotte MSA is one of the 10th fastest growing areas in the U.S.

From an investor standpoint, this CBA offers several benefits including one of the lowest CBA entry price points, delivering annual rent increases, having an established location, and strong corporate guarantor that has never closed a location. In addition, JD Powers ranked CBA as THE top-rated facility in its category in the US for the past 4 years.

This offering is priced at $2,992,555 and a 6.3% cap rate.

- Lowest entry point pricing for highly regarded NNN CBA with 8.5 years remaining on a 15-year NNN lease with 5 ten-year options including 1 ½% rent increases annually
- Concord, located in the Charlotte MSA, is one of the fastest growing cities in NC, and is the 10th fastest growing city in the US with projected growth of almost 2% per year through 2029
- Located in a busy retail corridor near Interstate 85 (34,700 VPD) and has a 5-mile population of over 114K with an average household income over $111,000
- CBA is a recognized industry leader with #1 rated JD Powers customer satisfaction rating for the last 4 years
- Great investment sector with industry forecasting 10.1% in compounded growth in US automotive repair & maintenance service sector between 2024 and 2032
- Corporate guaranteed lease by Houston based CBA, established in 1982 with over 250 auto service locations nationwide with the distinction of never having closed a store
- NC License: #247673