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

Property Image
SOLD
$5,100,000

North Carolina

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Retail5,798 SF
Sold 08/20/2025
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Property Image
SOLD

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

1186 South Main Street

See Similar Deals
Retail5,798 SF
Sold 08/20/2025
the dealplayerscompscontact
Contact now

Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$879
Total Square Footage:5,798 SF
Transaction Type:Sale

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.

Players

Don McMinn
Marcus & Millichap
Don McMinn
16 deals$54.4M volume
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 08/20/2025 ADDRESS: 1186 South Main Street MARKET: Kernersville, NC ASSET TYPE: Retail BROKER: Don McMinn - Marcus & Millichap SALE PRICE: $5,100,000 SF: 5,798 ~ PPSF: $880 NOTE: Marcus & Millichap arranged the sale of a 5,798-square-foot Firestone-occupied retail property in Kernersville, N.C., under a 15-year absolute triple-net lease.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
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