July 2, 2024 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of a Mavis in Mebane, North Carolina. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,962,962.
The new construction Mavis is located at 220 Fieldale Road in Mebane, North Carolina. Mavis executed a new 20-year Absolute NNN Lease upon the close of escrow with six (6), 5-year renewal options. The Lease calls for attractive 5% rent increase every five years throughout the primary lease term and at the start of each of the renewal options, providing a fixed increase in income and an attractive hedge against inflation. The Property is positioned at the intersection of Fieldale Road and Mebane Oaks Road in the heart of a densely developed commercial district. Mavis is shadow anchored by Mebane Oaks Village, a Lowes Foods anchored shopping center, and is surrounded by national retailers and restaurants that drive traffic to the area. Mavis is also seconds from Keystone at Mebane Oaks, a new construction luxury rental community with 396 units, and is surrounded by densely developed residential neighborhoods that provide a built-in customer base. The Property is also just 0.4-miles from Interstate 40 and 1.7-miles from US Highway 70. Mebane is located in central North Carolina approximately 30-miles east of Greensboro and 45-miles northwest of Raleigh.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.