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    OFF-MARKET
    Auto shops

    3223 Battleground Ave, Greensboro, NC 27408

    1,308 SF 0.52 ac lot Built 2023
    Entity Owned 1-yr Hold
    Property ID
    US53-5725616
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 1,308 square foot, single-tenant auto shop located at 3223 Battleground Ave, Greensboro, NC 27408. The property sits on a 0.52-acre lot and is a single-story, 2023-built building currently occupied by Strickland Brothers 10 Minute Oil Change under an Absolute NNN lease. The lease features a 14-year remaining term expiring October 31, 2038, with 10% rent bumps every five years and four 5-year lease options. The current asking price is $2,335,712, representing a price per square foot of $1,785.71 and a 6.25% cap rate. The property boasts a 100% occupancy rate, generating a Net Operating Income (NOI) of $145,982. Strickland Brothers provides drive-thru oil change services, including oil changes, filter replacements, and a complimentary maintenance check. The tenant is backed by Princeton Equity Group, a firm with a proven track record of growing emerging brands. This investment offers a compelling combination of strong tenant performance, a long-term lease, and significant upside potential given the tenant's growth trajectory and the favorable market conditions. The property's location in Greensboro, NC, within a major metropolitan area, further enhances its appeal. This is a rare opportunity to acquire a high-yield, low-risk investment in a rapidly expanding national brand.

    Property profile
    Verified
    Property type Auto shops
    Year built 2023
    Total area 1,308 SF
    Lot 0.52 ac (22,651 SF)
    UPID US53-5725616
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Strickland Brothers 10 Minute Oil Change and Inspection Station Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Lee & Hudgins Enterprises LLC · 1 yrs held
    Lee & Hudgins Enterprises LLC
    since 2024
    4 recorded transactions
    2024
    $2.3M
    2022
    2021
    $620,000
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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