Carvana

4830 Koger Boulevard, Greensboro, North Carolina 27407

$6,830,000

Cap Rate 6.75%

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DOM: 98 Updated: 07.29.25 Posted: 07.29.25 Status: Active 07.29.25

Summary

Price $6,830,000	Built/Renov 2019	Tenant Carvana
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 5,820	Lease Start 04-30-2022	#Units 40
Price/SF $1,173.54	Expiration 04-30-2042	Tenant Type Automotive
NOI $461,013	R. Term 16.6	Ownership Fee Simple
Rent/SF $79.21	Increases 10.0%/6/yrs	Pop 5Mi 166,314
Lot/AC 1.56	Options 4/5yrs/10%	AHHI 5Mi $89,083

Highlights

Brand-New 17-Year Lease with 4 (5-Year) Renewal Options
Lease Rental Increases of 9.6% or 1.25x CPI Every 5 Years
Absolute NNN Lease I Zero Landlord Responsibilities
Backed by Corporate Guarantee from Carvana, LLC (NYSE: CVNA)

Location Description

Carvana is strategically located on Koger Boulevard directly fronting Interstate 40, with visibility to over 124,000 vehicles per day. The site also benefits from access to Interstate 73 (69,200 VPD) and U.S. Highway 70 (53,600 VPD). The property is situated within a highly trafficked retail corridor surrounded by national brands including Home Depot, Sam’s Club, Walmart Supercenter, and...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Freeway visibility
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 20+ yr lease
Strong sales history
Traded and rated company
Corporate Guarantee

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Links

Carvana Wikipedia Carvana Wikipedia Greensboro, North Carolina Zip Code 27407

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Carvana
Guarantor:Corp T and Rated
Company:Carvana Co.
# Units:40
Tenant S&P: B-
Moody’s: Caa3
Stock: NYSE: CVNA

About Tenant

Carvana (NYSE: CVNA) is the leading ecommerce platform for buying and selling used cars. As the fastest growing used automotive retailer in U.S. history, Carvana.com allows someone to purchase a...

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Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	8,487	75,304	168,758
2025 Total Population :	8,512	74,212	166,804
2025 Employed Civilian Pop :	4,767	38,455	83,187
2025 Total Businesses :	479	3,935	9,038
2025 Average Household Income :	$ 73,761	$ 87,292	$ 93,129
2025 Total Consumer Spending :	$ 274 M	$ 2594 M	$ 5777 M
2025 Median Age :	36	37	36
2025 Total Households :	4,218	33,825	70,971
2025 Pop Age 25+: Bachelor's Degree :	1,612	14,740	32,363
2025 Average Home Value :	$ 229,097	$ 323,565	$ 339,860

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	W Wendover Ave	2022	117,262	0.11 mi
I-40	Patterson St	2020	104,000	0.11 mi
I- 40	Patterson St	2018	124,000	0.43 mi
Stanley Road	S 40 Dr	2022	11,696	0.48 mi
	Big Tree Way	2022	12,531	0.52 mi
US-70	Kendall Center	2022	47,513	0.53 mi
West Wendover Avenue	Meadowood St	2019	53,000	0.53 mi
US-70	Big Tree Way	2022	50,608	0.54 mi
	W Wendover Ave	2022	11,745	0.57 mi
	I- 40	2022	7,237	0.58 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

394 Listings
126736 Views
189 Sold

Patrick Luther

SRS National Net Lease Group

Contact

446 Listings
139311 Views
222 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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