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3740 Patrick Way
Elizabeth City, NC 27909
Express Oil Change · Retail Property For Sale
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Dense Retail Corridor
- Proximity to Top-Performing Walmart Supercenter
- Strong Frontage on Halstead Blvd
Executive Summary
Surmount is pleased to present the exclusive listing for an Express Oil Change located at 3740 Patrick Way, Elizabeth City, NC 27909. Express Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $172,000 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,723 SF
Building Class
C
Year Built
2025
Price
$4,212,853 CAD
Price Per SF
$736.13 CAD
Cap Rate
5.70%
NOI
$240,133 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.12
Lot Size
1.13 AC
Zoning
C-1
Property Taxes
| Parcel Number | 7993867609 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,006,224 CAD |
Property Taxes
Parcel Number
7993867609
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,006,224 CAD
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