1169 Highway 41 - Auto Repair FOR SALE


Mount Pleasant, SC 29466
$1,786,000 USD
929-229-2614
1169 Highway 41, Mount Pleasant, SC for Sale
$1,786,000 USD
Auto Repair - FOR SALE
1/9
null | 6.15% Cap Rate

1169 Highway 41
Mount Pleasant, SC 29466


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Strong Operator | Well-Known & Established Brand
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Major Surrounding Shopping Centers | Strong Tenant Presence
  • Signalized, Hard Corner Intersection | Centralized Location |Brand New Construction | Excellent Visibility & Access
  • Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, freestanding, newly built, Take 5 Oil Change investment property located in Mount Pleasant, SC. The tenant, ClayCon Hwy 41, LLC (dba Take 5 Oil Change), recently signed a brand new 15-year lease with 3 (5-year) option periods left to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by an established franchisee and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Established in 1984, Take 5 Oil Change is among the largest oil change services with over 800 operating locations.

FOR SALE DETAILS

PRICE

$1,786,000 USD

PRICE/SF

$928 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change | New 15yr Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

CC

APN/PARCEL ID

580-00-00-035

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.