3740 Patrick Way - Retail FOR SALE


Elizabeth City, NC 27909
$3,017,544 USD
914-403-7574
3740 Patrick Way, Elizabeth City, NC for Sale
$3,017,544 USD
Retail - FOR SALE
1/3
null | 5.7% Cap Rate

3740 Patrick Way
Elizabeth City, NC 27909


HIGHLIGHTS

  • Excellent Corporate Guarantee from Leading Tire Retailer
  • Proximity to Top-Performing Walmart Supercenter
  • Dense Retail Corridor
  • Strong Frontage on Halstead Blvd

OVERVIEW

Surmount is pleased to present the exclusive listing for an Express Oil Change located at 3740 Patrick Way, Elizabeth City, NC 27909. Express Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $172,000 and has scheduled increases of 5.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$3,017,544 USD

PRICE/SF

$527 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Express Oil Change

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

C-1

APN/PARCEL ID

7993867609

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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