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 $2,332,000 ($1,986/SF) 6% Cap Rate
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
- Excellent access and visibility from Market Street which boasts 46,000 VPD
- Absolute triple net lease | Zero landlord responsibilities
- Full-term guaranty from a high-growth operator | Currently has 28+ sites open and on track for 50+ locations
- Affluent area | Average household income of $123,584 within a 3-mile radius
Executive Summary
Ransome Foose and Carl Brendes 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
Property Type
Retail
Property Subtype
Building Size
1,174 SF
Building Class
C
Year Built
2023
Price
$2,332,000
Price Per SF
$1,986
Cap Rate
6%
NOI
$139,920
Tenancy
Single
Building Height
1 Story
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
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Take5 Oil Change
- Retailer
- 1,174 SF
- -
- Triple Net
- Apr 2039
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Take5 Oil Change | Retailer | 1,174 SF | - | Triple Net | Apr 2039 |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | R04406-001-001-001 | Improvements Assessment | $0 |
Land Assessment | $254,800 | Total Assessment | $254,800 |
PROPERTY TAXES
Parcel Number
R04406-001-001-001
Land Assessment
$254,800
Improvements Assessment
$0
Total Assessment
$254,800
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Take 5 Oil Change | 7250 Market St
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