708 Laurinburg Rd Raeford, NC 28376

This exceptional investment opportunity presents a 1,778 square foot, single-tenant auto shop located at 708 Laurinburg Rd, Raeford, NC 28376. The property, built in 1995 and situated on a 0.78-acre lot, is currently 100% occupied by Strickland Brothers 10 Minute Oil Change under an Absolute NNN lease expiring February 28, 2038, providing a remaining lease term of 13.3 years. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The property boasts a strong Net Operating Income (NOI) of $59,000, translating to a compelling 6.50% cap rate and a price per square foot of $510.51. The asking price for this turnkey investment is $907,692. Strickland Brothers provides drive-thru oil change services, including oil changes, filter replacements, lubrication, and a complimentary maintenance check. The franchisee has been thoroughly vetted, demonstrating strong financial strength and business experience. The brand is backed by Princeton Equity Group, a firm with a proven track record of growing emerging brands. This presents a rare opportunity to acquire a high-performing asset with a long-term lease, significant upside potential, and a strong tenant with a proven business model. The property features one building, one story, and is part of a rapidly expanding franchise. Four 5-year lease options are included.