101 Matthews Dr
Holly Springs, NC 27540
Jiffy Lube #3837 · Retail Property For Sale

RTP Capital Advisors is pleased to present Jiffy Lube #3837, featuring a new, 19+ year absolute net lease guaranteed by the top US operator of Jiffy Lube’s, Lucor, Inc with 6.00% increases every five years. This 3,604 SF building is an outparcel to Sunset Lake Commons Shopping Center, anchored by Harris Teeter, and borders the future site of the proposed Holly Lakes Shopping Center, anticipated to be anchored by The Fresh Market, the first location in Holly Springs. Located at the intersection of Holly Springs and Sunset Lake Roads, the subject property is less than three miles away from the Triangle Expressway. The Expressway is a recently completed, major highway connecting the town of Holly Springs to the Research Triangle Park, a major economic driver for the state and home to companies such as IBM, Lenovo, SAS, and more, as well as providing better accessibility in and around the major cities of the Triangle. The town of Holly Springs has experienced explosive growth in the last few decades. What started off as a small town with a population of a few thousand in 2000 has since grown to an estimated 30,000+ people. In addition, the population is estimated to increase by 58% in the next ten years. This growth can be directly attributed to Holly Springs’ status as a bedroom community for nearby Raleigh, Durham, and Chapel Hill. The subject property is also supported by excellent demographics with an estimated average household income of $113,197 within a three-mile radius. Jiffy Lube #3837 represents an excellent opportunity to acquire a new, 19+ year absolute net lease operated by Lucor, Inc, a top US operator, with an additional building functioning as a car wash, providing revenue that contributes significantly to the operating business. We are pleased to present this asset at a price of $1,528,000, representing a 5.50% cap rate.