Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

941 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Valvoline Ground Lease 234 Faith Rd

2,500 SF Retail Building Salisbury, NC 28146 £1,041,950 (£417/SF) 5% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

2024 brand new construction | Fresh 15-year term
Absolute Net Ground Lease | No landlord responsibilities
Close proximity to Lowe’s anchored shopping center & Innes Street Market shopping mall | his Lowe’s location ranks in the 99th percentile nationwide

Strategically located on a signalized corner intersection | Faith Rd & Market Station Dr
Experienced operator | QAS II, LLC | 181+ locations across 13 states
Located inside of Salisbury’s main retail corridor | 2.9M SF within a 2-mile radius

Executive Summary

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Valvoline Ground Lease in Salisbury, NC. We welcome your review of this attractive investment.

Property Facts

Sale Type

Investment NNN

Sale Condition

Ground Lease (Leased Fee)

Property Type

Retail

Property Subtype

Auto Repair

Building Size

2,500 SF

Year Built

2024

Price

£1,041,950

Price Per SF

£417

Net Initial Yield

NOI

£52,098

Tenancy

Single

Number of Floors

Building FAR

0.13

Lot Size

0.44 AC

Opportunity Zone

Yes

Parking

8 Spaces (3.2 Spaces per 1,000 SF Leased)

MAJOR TENANTS

Service type
2,500 SF
-
NNN
Oct 2039

Valvoline™ has spent more than 150 years under the hood perfecting their lubricants to improve vehicle performance. As a division of Valvoline, Valvoline Instant Oil Change is a part of that rich heritage. With oil changes in about 15 minutes and over 1,500+ locations, Valvoline Instant Oil Change will keep clients drivers on the road so they stay on top of their business. With their preventive maintenance services they’ll save on average 20-50% more than most dealerships.