308 W Ehringhaus St - Auto Repair FOR SALE


Elizabeth City, NC 27909
$1,408,000 USD
914-403-7574
308 W Ehringhaus St, Elizabeth City, NC for Sale
$1,408,000 USD
Auto Repair - FOR SALE
1/2
null | 6.25% Cap Rate

308 W Ehringhaus St
Elizabeth City, NC 27909


HIGHLIGHTS

  • Brand-New 15-Year NNN Lease
  • Excellent Corporate Guarantee
  • Rapidly Expanding Operator with Enhanced Credit Potential
  • Institutionally Backed
  • Strong Retail Corridor
  • Regional Shopping Destination

OVERVIEW

Surmount is pleased to present the exclusive listing for a Strickland Brothers located at 308 West Ehringhaus Street, Elizabeth City, NC 27909. The site consists of roughly 2,856 rentable square feet of building space on an estimated .60-acre parcel of land. Strickland Brothers is subject to a 15-year Triple Net (NNN) lease, which commenced 11/5/2025. The current annual rent is $88,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$1,408,000 USD

PRICE/SF

$521 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strickland Brothers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

GB

APN/PARCEL ID

891307782266

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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