Confidentiality Agreement

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Strickland Brothers 10 Min. Oil Change

5415 MacCorkle Ave SE, Charleston, WV, 25304
For Sale

Property Details

  • Price: $1,942,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 7.251%
  • Lot Size: 0.35 AC
  • Lease Type: Absolute NNN
  • Lease Term: 15 years
  • Year Built: 2023.99
  • Parking: 6
  • Tenancy: Single Tenant
  • Available SF: 1,300 SF

Property Description

SECURE INCOME STREAM

  • New 15-Year Absolute NNN Lease – Zero landlord responsibilities
  • Brand New 2024 Construction – Latest two-bay prototype design
  • Corporate Guaranteed Lease – Over 200 locations, rapidly growing tenant
  • Recent Private Equity Investment – Princeton Equity Group, Sponsor of Growth Oriented Brands Including Massage Envy, Card My Yard, European Wax Center and Urban Air
    Adventure Park
  • Fee Simple Ownership – Bonus depreciation potential (consult accountant)

PROXIMITY

  • 66,610 Residents in Primary Trade Area – $104,379 average household income in 3-mile radius
  • Minutes to University of Charleston – 3,059 students and 449 employees
  • 2 Miles to Charleston Area Medical Center – The largest employer in Charleston with over 7,000 people
  • Excellent Access and Visibility to 20,300 VPD – Along primary retail trade area in Charleston
  • Charleston is the Capital of West Virginia – Over 220,000 residents
  • Over 9,300 Businesses Operate in Charleston Area – Employing over 123,000 people

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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