Property profile

3223 Battleground Ave Greensboro, NC 27408

FOR SALE
Retail properties & Spaces
Property ID
US53-5725616
1,308 SF 0.52 ac lot Built 2023
Entity Owned 1-yr Hold
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For Sale
Contact for pricing 1,308 SF
3223 Battleground Ave, Greensboro, NC 27408
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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 Retail properties & Spaces
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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

3223 Battleground Ave Greensboro, NC 27408
Greensboro metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
4 recorded transactions
2024
$2.3M
2022
Price N/A
2021
$620,000
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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