Description

1203 South Main Street is an AutoZone retail property offered for sale in Laurinburg, NC. The 10,227 SF building is 100% occupied, giving investors an income-producing asset with a defined tenant presence rather than a vacant retail space to lease.

Built in 1989 and renovated in 2026, the property sits on 1.05 acres. Its 10,227 SF of gross leasable area establishes the scale of the retail holding, while pylon signage and traffic of 9,700 AADT give the tenant a way to be seen by passing drivers. For a buyer, those features matter because they connect the building’s physical footprint to its retail function. The property’s 100% occupancy and Absolute Net lease type also put the existing tenancy at the center of the investment case.

The asking price is $1,560,000, or $152.54 PSF, with an indicated 5% cap rate and $78,000 NOI. A 14 years WALT gives buyers a defined lease-duration measure alongside the current income. The ownership interest is Leased Fee, an important distinction in understanding the interest held in the property. At $1,485,714.29 per acre, the offering presents a basis measured against both the building and its land. For an investor focused on occupied, single-tenant retail, the decision centers on the AutoZone tenancy, the lease structure, and the relationship between the asking price and income.