Aberdeen, NC - Take 5 Oil Change

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN-leased Take 5 Oil Change investment property located at 11175 US Hwy 15-501, Aberdeen, North Carolina. The tenant will sign a new, 15-year lease with 10% rental increases every 5 years throughout the initial term and options, at the close of escrow. The lease will be absolute NNN, requiring zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

The Take 5 Oil Change is strategically positioned at the signalized hard corner of Johnson Street and Highway 211 / U.S. Highway 15 & 501, which combine to average 18,000 vehicles per day (VPD). The asset is adjacent to Center Park Shopping Center, a Dick’s Sporting Goods-anchored center. The property also benefits from its proximity to several major national and credit tenants such as Walmart Supercenter, Target, HomeGoods, Five Below, Staples, TJ Maxx, Lowe’s Home Improvement, Ross Dress for Less, PetSmart, and more, which collectively contribute to steady daytime and weekend traffic. The site benefits from being located near N. Sandhills Boulevard/U.S. Highway 1, which sees 39,500 vehicles per day and serves as a major retail thoroughfare serving the city of Aberdeen. This location’s high visibility, strong retail synergy, and growing residential presence make it a prime, long-term investment opportunity backed by a proven and expanding franchise operator. The 5-mile trade area is supported by a population of over 47,000 and 36,000 employees with an average household income of $122,398.

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Listing ID: a28TP000002Kw57YAC