New Take 5 Ground Lease

3700 Wilkinson Blvd, Charlotte, NC

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For Sale

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NNN ground lease with a 15-year term in Charlotte, NC.

Type:RETAIL

Property size:

1,400 SF

Lot size:

0.58 Acres

Price / SF:

$1,489/SF

HighLights

15‑Year NNN Ground Lease with Take 5 Carolinas
100% NO Landlord Responsibilities
Enjoy 10% Rent Increases Every 5 Years
Four 5‑Year Options available
New Construction: Built in 2023
Tenant Responsible for Roof & Structure

We can help!

Listing Contact

Marc Ozburn

For Sale

Contact for pricing

NNN ground lease with a 15-year term in Charlotte, NC.

Type:RETAIL

Property size:

1,400 SF

Lot size:

0.58 Acres

Price / SF:

$1,489/SF

Added:: Apr 23, 2024
Days on Market:: 785
Last Refresh:: May 20 at 8:58 pm

Property Features for 3700 Wilkinson Blvd

General Information

Standard status: Active
Size: 1,400 SF
Lot size: 0.58 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Marc Ozburn

Listing agent Marc Ozburn License #NC 31991

Listing office Colliers | Charlotte

Listing date Apr 23, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Charlotte

HighLights

15‑Year NNN Ground Lease with Take 5 Carolinas
100% NO Landlord Responsibilities
Enjoy 10% Rent Increases Every 5 Years
Four 5‑Year Options available
New Construction: Built in 2023
Tenant Responsible for Roof & Structure

Overview

This property, built in 2023, features a 1,400-square-foot rentable space on a 0.58-acre lot. It is currently occupied by Take 5 Carolinas under a NNN ground lease agreement guaranteed by Take 5 Carolinas, LLC. The lease, which commenced on April 1, 2024, extends for 15 years, expiring on March 31, 2039. The tenant is responsible for taxes, CAM, insurance, roof, and structure maintenance, leaving the landlord with no responsibilities. The lease includes 10% rent increases every five years and four 5-year options.

Property Profile Location Intelligence

Current Use by Public Records

Fat Boy Tires ... Auto Repair Shop Take 5 Oil ... Auto Repair Shop

Suggested Use

Location Insight

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Local Demand

City: Charlotte
County: Mecklenburg
State: North Carolina
Longitude: -80.9029
Latitude: 35.2252

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For sale
Auto shops
NC
Charlotte
3700 Wilkinson Blvd

What type of property is this?

Auto shop - NNN ground lease with a 15-year term in Charlotte, NC.

Where is this auto shop located?

The property is located at 3700 Wilkinson Blvd Charlotte, NC.

What is the asking price?

The asking price for this property is $2,085,000.

What are key features of this property?

This property features: 15‑Year NNN Ground Lease with Take 5 Carolinas; 100% NO Landlord Responsibilities; Enjoy 10% Rent Increases Every 5 Years

3700 Wilkinson Blvd, Charlotte, NC

NNN ground lease with a 15-year term in Charlotte, NC.

Property Features for 3700 Wilkinson Blvd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

University City Office Investment Package

Retail Buildings in Charlotte, NC

Versatile Condo in Prime Location

Flexible Office Building with Parking

Contemporary Duplex with Private Garages

Well-Maintained Duplex with Separate Driveways

Corner Lot Duplex Townhomes

East Charlotte Duplex Investment Opportunity

Duet-Style New Construction Townhome

Duplex with Private Yards

New Construction Duplex Near Uptown

Retail Greenhouse Property

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