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308 W Ehringhaus St
Elizabeth City, NC 27909
Strickland Brothers · Retail Property For Sale
Investment Highlights
- Brand-New 15-Year NNN Lease
- Rapidly Expanding Operator with Enhanced Credit Potential
- Strong Retail Corridor
- Excellent Corporate Guarantee
- Institutionally Backed
- Regional Shopping Destination
Executive Summary
Surmount is pleased to present the exclusive listing for a Strickland Brothers located at 308 West Ehringhaus Street, Elizabeth City, NC 27909. The site consists of roughly 2,856 rentable square feet of building space on an estimated .60-acre parcel of land. Strickland Brothers is subject to a 15-year Triple Net (NNN) lease, which commenced 11/5/2025. The current annual rent is $88,000 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,856 SF
Building Class
C
Year Built
2002
Price
$1,961,780 CAD
Price Per SF
$686.90 CAD
Cap Rate
6.25%
NOI
$122,611 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.60 AC
Zoning
GB - General Business
Frontage
98’ on West Ehringhaus Street
Property Taxes
| Parcel Number | 891307782266 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $338,853 CAD |
Property Taxes
Parcel Number
891307782266
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$338,853 CAD
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