1975 Main St - Retail FOR SALE


Suffolk, VA 23434
$2,086,957 USD
203-253-9455
1975 Main St, Suffolk, VA for Sale
$2,086,957 USD
Retail - FOR SALE
1/2
null | 5.75% Cap Rate

1975 Main St
Suffolk, VA 23434


HIGHLIGHTS

  • Excellent Corporate Guarantee from Driven Brands
  • Strong Industry Growth
  • Recession - Resistance Service
  • Growing Vehicle Base & Longer Ownership

OVERVIEW

Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1975 North Main Street, Suffolk, VA 23434. The site consists of roughly 1,682 rentable square feet of building space on an estimated .73-acre parcel of land. Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $120,000 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$2,086,957 USD

PRICE/SF

$1,241 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

-

APN/PARCEL ID

253166400

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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