Listed by ParaSell Inc, Hanley Investment Group
$985,000
Strickland Brothers | Greenville, TN
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,744
Net Rentable (SqFt) 1,744
Cap Rate 6.50%
NOI $64,000
Occupancy 100%
Tenancy Single
Brand/Tenant Strickland Brothers
Lease Type Absolute NNN
Lease Expiration 08/31/2040
Rent Bumps Yes
Lease Options Four 5-Year @ 10% Increases
Year Built 1987
Acreage 0.240
Lease Commencement 08/27/2025
Ground Lease No
Absolute NNN 15-Year Lease | 300+ Systemwide Units Full Corporate Guaranty | High Traffic Location;
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://hanleyinvestmentgroup.com/listings/?id=a0EPg000009T1wP&track=eZ_oYrHGbGUciWyNOgd_QcaKH
Investment highlights
- Single-Tenant Corporate Strickland Brothers 10 Minute Oil Change:
- Corporate-guaranteed lease
- Absolute NNN lease with zero landlord responsibilities
- 15-year lease with four 5-year options
- Fee simple investment ideal for bonus depreciation (land and building)
- 10% rent increases every five years
- Who is Strickland Brothers Oil Change?
- 300+ locations across 27 states the U.S.
- Recent capital infusion from Princeton Equity Group, a leading franchise and multi-unit private equity firm
- Strickland Brothers is one of the fastest-growing franchises in the United States
- “2023 Franchise 500” by Entrepreneur
- #1 “Fast 50 Franchises” by Triad Business Journal (2023)
- Prime Position in Greeneville’s Dominant Retail Corridor: The subject property is located along US-11E (Andrew Johnson Highway), Greeneville’s primary commercial artery and main east/west commuter thoroughfare. The property benefits from exceptional visibility, accessibility, and more than 34,500 CPD
- Surrounded by National/Regional Retailers: Nearby tenants include Harbor Freight Tools, Marshalls, Hobby Lobby, Five Below, Tractor Supply Co, Bealls, Belk, Sav-Mor Foods, Publix, and Lowe’s
- Gateway to the Tri-Cities and Smoky Mountain Region: Greeneville’s proximity to the Appalachian Mountains, Cherokee National Forest, and the broader Tri-Cities region
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,000.00
$5,333.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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