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3740 Patrick Way
Elizabeth City, NC 27909
Express Oil Change · Retail Property For Sale
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Dense Retail Corridor
- Proximity to Top-Performing Walmart Supercenter
- Strong Frontage on Halstead Blvd
Executive Summary
Surmount is pleased to present the exclusive listing for an Express Oil Change located at 3740 Patrick Way, Elizabeth City, NC 27909. Express Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $172,000 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,723 SF
Building Class
C
Year Built
2025
Price
$3,017,544
Price Per SF
$527.27
Cap Rate
5.70%
NOI
$172,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.12
Lot Size
1.13 AC
Zoning
C-1
Property Taxes
| Parcel Number | 7993867609 | Improvements Assessment | $0 |
| Land Assessment | $195,100 | Total Assessment | $195,100 |
Property Taxes
Parcel Number
7993867609
Land Assessment
$195,100
Improvements Assessment
$0
Total Assessment
$195,100
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