3223 Battleground Ave Greensboro, NC 27408
- Auto shops
- 1,308 SF
- 0.52 lot acres
Current Use by Public Records
- Strickland Brothers 10 Minute Oil Change and Inspection Station / Oil Change Service
Property Details for 3223 Battleground Ave
- Year built
- 2023
- Lot size
- 0.52 lot acres
- Property size
- 1,308 SF
- Property type
- Auto shops
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greensboro
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.8420823
- Latitude
- 36.1196402
