Cap Rate
7.63%
Year Built
1996/R 2000
Occupancy
100%
Leasable Area
4,695 SF
Term Remaining
±4.75 Yrs
NOI
$66,000
Property Type
Retail
INVESTMENT HIGHLIGHTS
- CORPORATE GUARANTEE – Strickland Brothers was founded in 2026 and has since expanded to over 227 stores across the country. Strickland recently partnered with Princeton Equity Group since 2021 to fuel its expansive growth. This particular location was part of the Company’s major acquisition of 24 Snappy Lube Stores in North Carolina in late September 2023.
- ATTRACTIVE RENT INCREASE – In June 2025, the rent increases by 12.3%, which will increase the cap rate to 8.57% at the current asking price.
- ROOM FOR FUTURE GROWTH – This site features a two-bay quick lube in addition to a separate 2-bay automotive repair building, allowing for future growth for Strickland at this location
- EXCELLENT TRAFFIC COUNTS – Location just off three major highways in the area, Route 1, US Highway 74, and US Highway 220, seeing a combined ±30,000 VPD.
Broker of Record
- Kyle Matthews
- License No. C38369 (NC)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203