104 Harris PlEden, NC 27288

Property Details for 104 Harris Pl

Lot size

0.89 AC

Property size (Sq ft)

3,745 SF

Property type

Retail properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a newly constructed, 3,745 square foot, single-tenant car wash in Eden, North Carolina. The property boasts a 20-year NNN lease with a 1.5% annual rent increase, commencing April 17, 2023, and expiring April 17, 2043. The tenant, ModWash, operates over 100 locations across 10 states and is experiencing significant growth. Located on a hard corner, signalized intersection with high visibility (26,000+ vehicles per day), the car wash is situated in a thriving retail area anchored by Food Lion and Tractor Supply Co. Nearby retailers include Walmart, CVS, and numerous fast-food and automotive businesses. The property offers a strong 6.50% cap rate and a substantial net operating income (NOI) of $336,242. The asking price is $5,175,000, translating to $1,381.84 per square foot. The 0.89-acre lot provides ample space for the fully automated car wash. This asset is ideal for a 1031 exchange or an investor seeking long-term, inflation-resistant income with minimal landlord responsibilities. The property benefits from a strong local economy and a high household income ($75,397). The tenant's proven track record, coupled with the strategic location and lease terms, makes this a compelling investment opportunity.

Location Insight

City

Eden

County

Rockingham

State

North Carolina

Latitude

36.4863

Longitude

-79.7387

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].