Take 5 Oil Change – GL

Rep Photo

5221 South Boulevard
Charlotte, NC

Price: $867,000
Cap Rate: 6%
NOI: $52,000
Building Size: Approx. 1,628 Sq. Ft.
Lot Size: Approx. 1.02 Acres
Status: Sold
Type: Single-Tenant / Retail
Sub Category: Automotive Service
Year Built: 2015

Investment Overview

  • 1,628+/- SF Building on 1.02+/- Acre Site
  • 10-Year Corp Ground Lease, Absolute NNN w/ 10% Rent Bumps Every 5-Yrs
  • Located along South Blvd (22,000 Cars / Day), just W of South Blvd is Interstate 77 (153,000 Cars / Day)
  • Near Costco, Ross, Pet Smart, Family Dollar, Wells Fargo, Advance Auto, Dunkin Donuts, Aldi, & Chili’s
  • 2-Mile South of New Apartment Units (5,000) in Various Stages of Construction and Development
  • 8 Miles W of Southpark Mall (1,621,000 SF) | 8-Miles S from Uptown Charlotte (25 Million Visitors/Year)
  • 3-Mile Radius: Est 6,777 Busi with 98,940 Empl | 7.5-Miles E of Charlotte Douglas International Airport
  • 5-Mile 2015 Estimated population: 201,291 | 5-Mile Average Household Income:  $99,559
  • Charlotte – Concord – Gastonia: 2nd Largest City in the Southeast | Population: 2,389,763