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Express Oil Change 3740 Patrick Way 5,723 SF 100% Leased Retail Building Elizabeth City, NC 27909 $3,017,544 ($527.27/SF) 5.70% Cap Rate
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7993867609 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,437,000 |
Property Taxes
Parcel Number
7993867609
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,437,000
Contacts
-
Matthew Anuszkiewicz -
RJ Stein -
John McHugh -
Glen Kunofsky -
Christopher Marks -
Surmount
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Express Oil Change | 3740 Patrick Way
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