Listing Agency: Colliers | Charlotte Show Phone

Listed By: Marc Ozburn · License #NC 31991 Show Phone

Source: Moodyscre

Added: Apr 23, 2024 Changed: Jul 6 Last Checked: Jul 21 at 3:04AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 15‑Year NNN Ground Lease with Take 5 Carolinas
• 100% NO Landlord Responsibilities
• Enjoy 10% Rent Increases Every 5 Years

Property Analytics

Property Profile

Current Use

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

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

35

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Charlotte, NC

6.2% 2019

6.1% 2020

5% 2021

4.5% 2022

3.1% 2023

3.5% 2024

3.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Similar Off Market Nearby

• J $ J Auto Shop — 3500 Carolina Ave STE C, Charlotte, NC 28208
• Fred Hudson Paint & Collision — 4327 Carlotta St, Charlotte, NC 28208
• OSMAN'S AUTO REPAIR — 1841 Parker Dr, Charlotte, NC 28208
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• Tundea Auto Service — 4009 Hargrove Ave, Charlotte, NC 28208

Frequently Asked Questions

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