Take 5 Oil Change | 7250 Market St
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Take 5 Oil Change 7250 Market St
1,174 SF Retail Building Wilmington, NC 28411 £1,824,673 (£1,554/SF) 6% Net Initial Yield
Investment Highlights
- Brand-new, state-of-the-art, 2023 construction
- New, 15-year lease with 10% rent increases every 5 years throughout the initial term and options
- Contactless, “Stay in your Car, 10-Minute Oil Change” | COVID resistant concept with limited scope of work to avoid “upselling”
- Absolute triple net lease | Zero landlord responsibilities
- Excellent access and visibility from Market Street which boasts 46,000 VPD
- Affluent area | Average household income of $123,584 within a 3-mile radius
Executive Summary
Ransome Foose and Calvin Short of Berkeley Capital Advisors are pleased to present for sale Take 5 Oil Change in Wilmington, NC. We welcome your review of this attractive investment.
Property Facts
Sale Type
Investment
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,174 SF
Building Class
C
Year Built
2023
Price
£1,824,673
Price Per SF
£1,554
Net Initial Yield
6%
NOI
£109,480
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
0.65 AC
Zoning
B-2
Parking
4 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R04406-001-001-001 | Improvements Assessment | £0 |
| Land Assessment | £199,368 | Total Assessment | £199,368 |
PROPERTY TAXES
Parcel Number
R04406-001-001-001
Land Assessment
£199,368
Improvements Assessment
£0
Total Assessment
£199,368
Contacts
-
Ransome Foose -
Calvin Short -
Carl Brendes -
Jake Zapata -
Berkeley Capital Advisors
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Take 5 Oil Change | 7250 Market St
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