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JIFFY LUBE 20116 W Catawba Ave

2,661 SF Retail Building Cornelius, NC 28031 £942,859 (£354/SF) 6.40% Net Initial Yield

Investment Highlights

  • Strong Credit Tenant l Jiffy Lube l Subsidiary of Shell Oil Company (S&P A+ Rating)
  • 20 Year Sale-Leaseback commencing at COE
  • Location neighbors Tropical Smoothie Cafe, Goodyear, and Planet Fitness
  • NNN l Fee Simple Ownership l No Landlord Responsibilities
  • Strategically positioned directly across from a brand new construction Chick-Fil-A, ALDI, Andy’s Frozen Custard, and Five Guys
  • Great visibility with ±29,000 VPD passing by the site

Executive Summary

Broker of Record
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,661 SF
Building Class
B
Year Built
1997
Price
£942,859
Price Per SF
£354
Net Initial Yield
6.40%
NOI
£60,343
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Land Acres
0.44 AC
Zoning
HC
Parking
6 Spaces (2.25 Spaces per 1,000 SF Leased)
Frontage
51 ft on Catawba Ave

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Drive Thru

Links

1 of 1

Nearby Major Retailers

Gold's Gym
Fifth Third Bank
ALDI
Yoga Six
WW
Orangetheory Fitness
Cyclebar
Cook Out
Starbucks
Truist

PROPERTY TAXES

Parcel Number 005-271-17 Improvements Assessment £149,470
Land Assessment £539,577 Total Assessment £689,047

PROPERTY TAXES

Parcel Number
005-271-17
Land Assessment
£539,577
Improvements Assessment
£149,470
Total Assessment
£689,047
(866) 889-0550

  • Listing ID: 33252032

  • Date on Market: 20/09/2024

  • Last Updated:

  • Address: 20116 W Catawba Ave, Cornelius, NC 28031

The Retail Property at 20116 W Catawba Ave, Cornelius, NC 28031 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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JIFFY LUBE | 20116 W Catawba Ave
(866) 889-0550 x

JIFFY LUBE | 20116 W Catawba Ave

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Vincent Tanzi

(866) 889-0550

(866) 889-0550

Vincent Chapey

(925) 718-7525

(925) 718-7525

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