Listed by Colliers - San Diego - Carlsbad, California
$2,652,000
Brand New 15-Yr. Strickland Brothers Oil Change
Details
Property Type Retail
Sub Type Storefront, retail
Square Footage 1,730
Cap Rate 6.00%
NOI $159,120
Occupancy 100%
Tenancy Single
Brand/Tenant Strickland Brothers
Lease Type NNN
Lease Term 15
Lease Expiration 03/31/2041
Remaining Term 14.8
Price per SqFt $1,533
Year Built 2025
Buildings 1
Stories 1
Acreage 0.860
Investment Type Net Lease
Lease Commencement 04/01/2026
Occupancy Date 04/01/2026
Ownership Fee Simple
Brand New 15-Yr. Strickland Brothers Oil Change | Hard Corner at Signalized Intersection | 173,519 R
Marketing description
New 15-Year Absolute NNN Lease - Zero landlord responsibilities
10% Rent Increases - Every 5 years and renewal options
Excellent Access and Visibility to 26,844 VPD - 0.86 acre parcel along NW Prima Vista Blvd
Rapidly Expanding Tenant - Nearly 300 locations across 27 states
Princeton Equity Invested in Strickland Brothers in 2021 to Fuel Aggressive Expansion Plans - According to report by Grand View Research, Inc.
Oil Change Facilities May Qualify for 100% Accelerated Bonus Depreciation Potential for 2025 - Consult with CPA
Listing Contacts
Listed by Colliers - San Diego - Carlsbad, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$159,120.00
$13,260.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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