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7250 Market St
Wilmington, NC 28411
Take 5 Oil Change · Retail Property For Sale
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
- Yields an average CAP of 6.62%, assuming purchase at List Price
- Contactless, “Stay in your Car, 10-Minute Oil Change” | COVID resistant concept with limited scope of work to avoid “upselling”
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,053 SF
Building Class
C
Year Built
1989
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.65 AC
Zoning
B-2 - General Business
Parking
4 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | R04406-001-001-001 | Improvements Assessment | $261,800 |
| Land Assessment | $529,400 | Total Assessment | $791,200 |
Property Taxes
Parcel Number
R04406-001-001-001
Land Assessment
$529,400
Improvements Assessment
$261,800
Total Assessment
$791,200
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