www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34504371
34504370

12200 HERBERT WAYNE CT, HUNTERSVILLE, NC 28078 For Sale

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
JD
IL 475.188290
Northmarq - Chicago
Listed by Northmarq Capital, LLC, Northmarq - Chicago
$33,778,000
1 day on market
Updated 1 day ago

American Tire Distributors HQ

Details
Property Type Office
Sub Type Traditional Office
Square Footage 124,336
Cap Rate 8.25%
NOI $2,786,196
Occupancy 100%
Tenancy Single
Brand/Tenant American Tire Distributors
Lease Type Absolute NNN
Lease Term 14.4
Lease Expiration 04/20/2036
Remaining Term 9.8
Rent Bumps Yes
Lease Options 4, 5-year options
Year Built 1994
Year Renovated 2022
Stories 1
Lot Size (SqFt) 23.84
Parking Spaces 398 spaces
Parking per 1,000 SqFt 3.20
Lease Commencement 12/02/2021
Ownership Fee Simple

9+ Year Absolute NNN Lease w/ Annual Increases | $17.5M Recent Renovation | Mission Critical

Marketing description

Northmarq, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest in the American Tire Distributors Corporate HQ, a 124,336 SF single-tenant office building located in Huntersville, North Carolina (the “Property”). American Tire Distributors operates under an absolute NNN lease through April 30, 2036, providing more than 9.5 years of base term remaining. The lease features 2.00% annual rental increases, four 5-year renewal options, and zero landlord responsibilities, offering investors a passive long-term income stream secured by ATD’s longstanding corporate headquarters facility.

In conjunction with ATD’s long-term lease commitment, the Property underwent a comprehensive $17.5 million renovation in 2022, equivalent to approximately $140/SF, including $10 million funded by the Tenant. The renovation modernized the headquarters environment and further supports the Property’s importance to ATD’s go-forward operations. ATD has occupied the Property since 1994, reinforcing the strategic nature of the location and the Company’s long-term commitment to the asset.

The Property is strategically located in Huntersville, NC, one of the premier suburban communities in the Charlotte region. The surrounding trade area features dense, affluent demographics, with approximately 43,762 residents and average household incomes of $164,613 within a three-mile radius. The Property also benefits from immediate access to I-77, connecting ATD’s employees and clients to major regional thoroughfares including I-40, I-85, and I-485, as well as the broader Charlotte MSA.

Investment highlights

  • Mission Critical Corporate HQ
    • ATD headquarters since 1994
    • Central office supporting national platform
  • 9 Years, 9 Months Remaining
    • Absolute NNN Lease
    • 2.00% annual rent increases
  • $17.5M Recent Renovation
    • Approximately $140/SF investment
    • $10M funded by the Tenant
  • Improving ATD Credit Profile
    • $4.2B 2026 GF sales forecast
    • $90M 2026 Adj. EBITDA forecast
  • Tight North Charlotte Office Market
    • 4.8% single-story office vacancy
    • $164K+ Avg. HHI within 3 miles

Listing Contacts

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
JD
IL 475.188290
Northmarq - Chicago
Listed by Northmarq Capital, LLC, Northmarq - Chicago

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,786,196.00
$232,183.00/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Jeff Hughes
License
NC #101282
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591