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Valvoline - Surf City NC 13600 NC-50 1,794 SF Retail Building Surf City, NC 28445 $1,495,000 ($833.33/SF) 5.35% Cap Rate
Investment Highlights
- 15-Year Lease | Scheduled Rental Increases | Established Operator | New Construction
- Signalized, Hard Corner Intersection | Dense Retail Corridor | Across from Walmart Neighborhood Market | Strong National/Credit Tenant Presence
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- Local Demographics 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• The tenant just signed a 15-year lease with 4 (5-year) options to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
• The lease is guaranteed by QAS III, LLC a 204+ unit franchisee
• The newly-constructed building features a state-of-the-art design with high-quality materials
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
• The lease is guaranteed by QAS III, LLC a 204+ unit franchisee
• The newly-constructed building features a state-of-the-art design with high-quality materials
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
1,794 SF
Building Class
B
Year Built
2025
Price
$1,495,000
Price Per SF
$833.33
Cap Rate
5.35%
NOI
$80,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.18 AC
Zoning
C3 - Extended Commercial
Parking
7 Spaces (3.9 Spaces per 1,000 SF Leased)
Frontage
212’ on North Carolina 50
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 4235-36-9905-0000 | Improvements Assessment | $158,654 |
| Land Assessment | $502,250 | Total Assessment | $660,904 |
Property Taxes
Parcel Number
4235-36-9905-0000
Land Assessment
$502,250
Improvements Assessment
$158,654
Total Assessment
$660,904
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Valvoline - Surf City NC | 13600 NC-50
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