loader
Join Free
Updated: 01.12.24 Posted: 09.09.22 Status: Sold

Summary

Price $3,000,000 $3,005,000
Built/Renov 2020
Tenant Express Oil Change
Cap Rate 5.62% 5.61%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,273
Lease Start 08-15-2020
#Units 341
Price/SF $702.08 $703.25
Expiration 08-31-2035
Tenant Type Automotive
NOI $168,547
R. Term 10.3
Ownership Fee Simple
Rent/SF $39.44
Increases 7.5%/3/yrs
Pop 5Mi 171,814
Lot/AC 0.85
Options 5/5yrs/7.5%
AHHI 5Mi $98,720

Lease Highlights

  • Absolute NNN lease 
  • 15 year lease term with 5, 5 year options
  • 7.5% rental increases every 5 years
  • Ideal 1031 exchange asset 

Location Description

Express Oil is exceptionally well located at the hard corner signalized intersection of Woodruff Rd. and Roper Mountain Rd. (31,600 VPD) just off Interstate 385 which is one of the premier retail destinations in the state. Tenants in the immediate surrounding area include Costco, Target, The Home Depot, Trader Joe’s, Cabela’s, Regal Hollywood Theater, and more. The 5-mile trade area is...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Express Oil Change
  • Guarantor:Corporate
  • Company:BayPine LP
  • # Units:341
  • Stock:Private

About Tenant

Express Oil Change & Tire Engineers is an American automotive maintenance brand, with services including its signature 10 minute oil change , in addition to full-service mechanical,...


...

Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 3,784 58,748 180,596
2022 Total Population : 3,679 56,090 173,541
2022 Employed Civilian Pop : 1,919 29,951 88,950
2022 Total Businesses : 603 4,284 10,400
2022 Average Household Income : $ 125,615 $ 107,757 $ 113,464
2022 Total Consumer Spending : $ 206 M $ 2452 M $ 7257 M
2022 Median Age : 41 39 40
2022 Total Households : 1,908 26,465 74,746
2022 Pop Age 25+: Bachelor's Degree : 979 13,709 38,092
2022 Average Home Value : $ 480,397 $ 350,751 $ 356,505
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Roper Mountain Road Congaree Rd 2019 33,300 0.07 mi
Roper Mountain Rd Congaree Rd 2018 32,700 0.13 mi
I- 385 Roper Mountain Rd 2018 102,900 0.37 mi
Roper Mountain Rd Old Congaree Rd 2019 24,100 0.51 mi
Executive Center Dr 2019 99,800 0.56 mi
Congaree Rd Webb Rd 2019 12,800 0.60 mi
Salters Rd Hilton St 2019 1,850 0.63 mi
Verdae Blvd Salters Rd 2019 16,700 0.68 mi
Halton Road Mall Connector Rd 2019 8,600 0.92 mi
I- 85 I- 385 2018 87,000 0.95 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity