3223 Battleground AveGreensboro, NC 27408

Property Details for 3223 Battleground Ave

Year built

2023

Lot size

0.52 AC

Property size (Sq ft)

1,308 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a 1,308 square foot, single-tenant auto shop located at 3223 Battleground Ave, Greensboro, NC 27408. The property sits on a 0.52-acre lot and is a single-story, 2023-built building currently occupied by Strickland Brothers 10 Minute Oil Change under an Absolute NNN lease. The lease features a 14-year remaining term expiring October 31, 2038, with 10% rent bumps every five years and four 5-year lease options. The current asking price is $2,335,712, representing a price per square foot of $1,785.71 and a 6.25% cap rate. The property boasts a 100% occupancy rate, generating a Net Operating Income (NOI) of $145,982. Strickland Brothers provides drive-thru oil change services, including oil changes, filter replacements, and a complimentary maintenance check. The tenant is backed by Princeton Equity Group, a firm with a proven track record of growing emerging brands. This investment offers a compelling combination of strong tenant performance, a long-term lease, and significant upside potential given the tenant's growth trajectory and the favorable market conditions. The property's location in Greensboro, NC, within a major metropolitan area, further enhances its appeal. This is a rare opportunity to acquire a high-yield, low-risk investment in a rapidly expanding national brand.

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.1196

Longitude

-79.8421

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