20116 Catawba Ave Cornelius, NC 28031

This exceptional investment opportunity presents a fee-simple owned, 2,661 square foot Jiffy Lube, a subsidiary of Shell Oil Company (S&P A+ rating), located at 20116 W Catawba Ave, Cornelius, NC 28031. The property boasts a 20-year absolute NNN lease, commencing at closing, ensuring minimal landlord responsibilities. With a 100% occupancy rate and a strong net operating income (NOI) of $76,480, resulting in a 6.40% cap rate, this single-tenant building offers a compelling return on investment. Built in 1997, the property benefits from its strategic location directly across from a newly constructed Chick-fil-A, ALDI, Andy's Frozen Custard, and Five Guys, ensuring high visibility and traffic. Neighboring businesses include Tropical Smoothie Cafe, Goodyear, and Planet Fitness, further enhancing the location's appeal. The site enjoys excellent visibility with approximately 29,000 vehicles passing daily. Cornelius, located approximately 19 miles from Charlotte, has an estimated population of approximately 63,006 within a 4-mile radius. Other established businesses along W Catawba Ave include McDonald's, Starbucks, Bojangles, and Taco Bell. The asking price for this exceptional retail property is $1,195,005.