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Valvoline 3953 Village Center S 2,000 SF Retail Building Sherrills Ford, NC 28673 $1,994,770 CAD ($997.38 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- FRONTING MAJOR RETAIL CORRIDOR
- EXPERIENCED FRANCHISEE
- STRONG LEASE FUNDAMENTALS
EXECUTIVE SUMMARY
EXPERIENCED FRANCHISEE
- QAS was established in 2001 and is the second largest franchisee of Valvoline
- More than 200 locations across 13 states and headquartered in Charlotte, NC
FRONTING MAJOR RETAIL CORRIDOR
- Site fronts NC-150 (13,500 VPD), within a 1-mile radius of the Valvoline there is more than 175K SF of retail space boasting an overall vacancy rate of 0%
- Nearby National Retailers Include: Publix Super Market, Jersey Mike’s, Starbucks, and more
THE VILLAGES AT SHERRILLS FORD
- Site is located within the Villages at Sherrills Ford
- This 206-acre development boasts more than 6,000 residential lots and a large mix of retail, residential, and medical space
- With over 500k SF of commercial space this community is set to add over $100 million dollars in economic impact to the surrounding area
STRONG LEASE FUNDAMENTALS
- Ground Lease - Providing a hands off investment - Zero Landlord Responsibilities
- 10% Increases in current term and in option periods
- Long Term 15 Yr Lease with 4 x 5 Year Options
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC is now the 14th largest city in the U.S., with a population exceeding 943,000.
- From 2020 to 2024, Charlotte recorded the 4th largest population increase in the nation, adding more than 69,000 residents.
- Ranked among the top 10 hottest housing markets, Charlotte placed 7th nationally
- Over the past decade, the Charlotte region has experienced 24% employment growth, with an additional 8% job expansion projected between 2024 and 2030
AFFLUENT LAKE MARKET
- Surrounding the site within a 1-mile radius the AHHI exceeds $125,000
- In a 5-mile radius there are more than 33K potential customers with an AHHI greater than $160,000
- QAS was established in 2001 and is the second largest franchisee of Valvoline
- More than 200 locations across 13 states and headquartered in Charlotte, NC
FRONTING MAJOR RETAIL CORRIDOR
- Site fronts NC-150 (13,500 VPD), within a 1-mile radius of the Valvoline there is more than 175K SF of retail space boasting an overall vacancy rate of 0%
- Nearby National Retailers Include: Publix Super Market, Jersey Mike’s, Starbucks, and more
THE VILLAGES AT SHERRILLS FORD
- Site is located within the Villages at Sherrills Ford
- This 206-acre development boasts more than 6,000 residential lots and a large mix of retail, residential, and medical space
- With over 500k SF of commercial space this community is set to add over $100 million dollars in economic impact to the surrounding area
STRONG LEASE FUNDAMENTALS
- Ground Lease - Providing a hands off investment - Zero Landlord Responsibilities
- 10% Increases in current term and in option periods
- Long Term 15 Yr Lease with 4 x 5 Year Options
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC is now the 14th largest city in the U.S., with a population exceeding 943,000.
- From 2020 to 2024, Charlotte recorded the 4th largest population increase in the nation, adding more than 69,000 residents.
- Ranked among the top 10 hottest housing markets, Charlotte placed 7th nationally
- Over the past decade, the Charlotte region has experienced 24% employment growth, with an additional 8% job expansion projected between 2024 and 2030
AFFLUENT LAKE MARKET
- Surrounding the site within a 1-mile radius the AHHI exceeds $125,000
- In a 5-mile radius there are more than 33K potential customers with an AHHI greater than $160,000
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
2,000 SF
Building Class
C
Year Built
2024
Price
$1,994,770 CAD
Price Per SF
$997.38 CAD
Cap Rate
5.25%
NOI
$104,694 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.80 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Valvoline
- Retailer
- 2,000 SF
- -
- Sep 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Valvoline | Retailer | 2,000 SF | - | Sep 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4607169354530000 | Improvements Assessment | $2,644,582 CAD |
| Land Assessment | $1,733,593 CAD | Total Assessment | $4,378,175 CAD |
PROPERTY TAXES
Parcel Number
4607169354530000
Land Assessment
$1,733,593 CAD
Improvements Assessment
$2,644,582 CAD
Total Assessment
$4,378,175 CAD
CONTACTS
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Connor Kuchman -
Ben McCarter -
Atlantic Capital Partners
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Valvoline | 3953 Village Center S
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