Listed by Colliers - San Diego - Carlsbad, California
$2,490,000
Brand New 15-Yr. Strickland Brothers Oil Change
Details
Property Type Retail
Sub Type Auto Shop, Oil Change
Square Footage 1,730
Cap Rate 6%
NOI $149,346
Occupancy 100%
Tenancy Single
Brand/Tenant Strickland Brothers
Lease Type Absolute NNN
Lease Term 14.1
Lease Expiration 04/30/2040
Remaining Term 13.8
Price per SqFt $1,439
Year Built 2025
Buildings 1
Stories 1
Acreage 0.860
Investment Type Net Lease
Lease Commencement 04/02/2026
New 15-Yr. Strickland Brothers Oil Change | Hard Corner with 203,355 Residents in Trade Area
Marketing description
PROXIMITY
- 203,355 Residents in Growing Trade Area - 216,013 total daytime population
- $109,265 Average Household Income in Primary Trade Area - Population has increased nearly 10% since 2010
- Excellent Access and Visibility to 26,000 VPD Along Ronald Reagan Blvd - Additional exposure to 34,800 VPD at hard corner along SR 434
- Surrounded by Several K-12 Schools with 7,000 Combined Students - 11 miles to Downtown Orlando
- Orlando-Kissimmee MSA Ranked #1 in U.S. in Employment Growth (2024) - Ranked #8 in new housing starts
Investment highlights
SECURE STREAM OF INCOME
- New 15-Year Absolute NNN Lease - Zero landlord responsibilities
- 10% Rent Increases - Every 5 years and renewal options
- Excellent Access and Visibility to 22,305 VPD - 0.86 acre parcel along S Ronald Reagan 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
$149,346.00
$12,445.50/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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