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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
Auto Repair
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
48 FT on Market St

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

Starbucks
Cook Out
Smithfield's Chicken & BBQ
9Round
Publix
Food Lion
Waffle House
HOTWORX
Planet Fitness
Scooter's Coffeehouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R04406-001-001-001
Land Assessment
$254,800
Improvements Assessment
$0
Total Assessment
$254,800
  • Listing ID: 34467529

  • Date on Market: 1/13/2025

  • Last Updated:

  • Address: 7250 Market St, Wilmington, NC 28411

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