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Strickland Brothers

35 Belden Cir, Franklin, NC 28734

Listing Price: $795,000

Cap Rate
6.34%
Tenant Name
Strickland Brothers
Years Remaining On Lease
10.1
Gross SF
2,108
Guarantor
Corporate Guarantee
Rentable SF
2,108
Price/Gross SF
$377.13
Lease Type
Absolute Net
Rent Per Square Feet
$23.91

Investment Overview

Marcus and Millichap is pleased to present this Absolute Net Leased, Strickland Brothers, located in Franklin, NC. This location offers a corporate guaranteed lease with 14 years of term remaining and provides 4(four) 5 year renewal options. The lease features 10% rental increases every 5 years. Strickland Brothers 10 Minute Oil Change was founded in 2016 and has rapidly grown and expanded to over 250 locations across the U.S. The site is 2,108 square feet and situated on 0.53 acres. The propertyprovides convenient access and is located near many national retailers such as Lowe's, Harbor Freight Tools, and Big Lots. Georgia Rd (US-441), transports more than 23,800 vehicles per day. The site is located less than half a mile from US-64. Franklin is a thriving town in Macon County, known for its many outdoor adventure activities. It is located within the Nantahala National Forest which receives over 5 million visitors per year. Franklin is less than 70 miles from Asheville, NC and less than 70 miles from Gatlinburg, TN. North Carolina has been ranked in the top 3 for business by CNBC, for the last five years in a row.

Investment Highlights

  • Corporate Guarantee
  • 14 Years Remaining on Lease Term
  • 10% Rental Escalations Every 5 Years
  • Dense Retail Corridor

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Strickland Brothers

Listing Price: $795,000

Cap Rate
6.34%
Tenant Name
Strickland Brothers
Years Remaining On Lease
10.1
Gross SF
2,108
Guarantor
Corporate Guarantee
Rentable SF
2,108
Price/Gross SF
$377.13
Lease Type
Absolute Net
Rent Per Square Feet
$23.91

Investment Highlights

  • Corporate Guarantee
  • 14 Years Remaining on Lease Term
  • 10% Rental Escalations Every 5 Years
  • Dense Retail Corridor

Investment Overview

Marcus and Millichap is pleased to present this Absolute Net Leased, Strickland Brothers, located in Franklin, NC. This location offers a corporate guaranteed lease with 14 years of term remaining and provides 4(four) 5 year renewal options. The lease features 10% rental increases every 5 years. Strickland Brothers 10 Minute Oil Change was founded in 2016 and has rapidly grown and expanded to over 250 locations across the U.S. The site is 2,108 square feet and situated on 0.53 acres. The propertyprovides convenient access and is located near many national retailers such as Lowe's, Harbor Freight Tools, and Big Lots. Georgia Rd (US-441), transports more than 23,800 vehicles per day. The site is located less than half a mile from US-64. Franklin is a thriving town in Macon County, known for its many outdoor adventure activities. It is located within the Nantahala National Forest which receives over 5 million visitors per year. Franklin is less than 70 miles from Asheville, NC and less than 70 miles from Gatlinburg, TN. North Carolina has been ranked in the top 3 for business by CNBC, for the last five years in a row.

Exclusively Listed By

Financing By

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