13600 NC-50 - Storefront FOR SALE


Surf City, NC 28445
$1,550,000 USD
470-344-2586
13600 NC-50, Surf City, NC for Sale
$1,550,000 USD
Storefront - FOR SALE
1/9
null | 5.16% Cap Rate

13600 NC-50
Surf City, NC 28445


HIGHLIGHTS

  • 15-Year Lease | Scheduled Rental Increases | Established Operator | New Construction
  • Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Dense Retail Corridor | Across from Walmart Neighborhood Market | Strong National/Credit Tenant Presence
  • Local Demographics 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$864 USD /SF

CAP RATE

5.16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Valvoline - Surf City NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

C3

APN/PARCEL ID

4235-36-9905-0000

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.