70 Neuse River Pkwy Clayton, NC 27527

This exceptional investment opportunity presents a brand-new, single-tenant 1,669 square foot Strickland Brothers 10-Minute Oil Change facility located at 70 Neuse River Pkwy, Clayton, NC 27527. The property sits on a 1.06-acre lot and boasts a strong financial profile, including a 6.15% cap rate and a substantial net operating income (NOI) of $149,991. Built in 2023, this property benefits from an absolute NNN lease with zero landlord responsibilities, providing significant passive income potential. The 15-year lease, commencing October 5, 2023, and expiring February 29, 2040, includes four 5-year renewal options with 10% rent bumps every five years. This fee-simple investment is ideal for bonus depreciation, encompassing both land and building. The tenant, Strickland Brothers, is a rapidly expanding national franchise with over 250 locations across 27 states. This specific location is one of the highest-volume Strickland Brothers in the chain and is conveniently situated adjacent to a top-performing Food Lion grocery store. The property benefits from its location in a high-growth area, with an average household income exceeding $150,000 within a 3-mile radius and significant population growth. Clayton's strategic location near major employers, including expanding bio-manufacturing facilities for Novo Nordisk and Grifols, further enhances the investment's long-term prospects. The property's strong tenant, long-term lease, and prime location make it an attractive investment opportunity.