Marcus & Millichap Sells Firestone-Occupied Retail Property In Kernersville For $5.1M

This transaction involved a retail property located at 1186 South Main Street in Kernersville, NC, which was sold for $5,100,000. The asset comprises a total area of 5,798 square feet, translating to a price per square foot of $880. The property is occupied by Firestone and operates under a 15-year absolute triple-net lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,100,000
• Square Footage: 5,798
• Price per Square Foot: $880
• Address: 1186 South Main Street
• Market: Kernersville, NC
• Broker: Don McMinn - Marcus & Millichap

Marcus & Millichap facilitated the sale of the property, underlining their role in arranging this transaction and highlighting the significance of the firm in retail property sales in the area.