Strickland Brothers | 2227 Lejeune Blvd
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Strickland Brothers 2227 Lejeune Blvd
1,621 SF Retail Building Jacksonville, NC 28546 $3,081,580 CAD ($1,901 CAD/SF) 6.75% Cap Rate
Investment Highlights
- CORPORATE GUARANTY FROM RAPIDLY GROWING TENANT
- SYNERGY WITH SURROUNDING AUTO BUSINESSES
- ATTRACTIVE LEASE FUNDAMENTALS
Executive Summary
CORPORATE GUARANTY FROM RAPIDLY GROWING TENANT
- Strickland Brothers is one of the fastest growing companies in the United States, with over 170 Locations in 22 states
- Ranked number 504 in prestigious 5000 listing for 2022
ATTRACTIVE LEASE FUNDAMENTALS
- 15 Year Abs. NNN Lease
- 10% rental increases every 5 years including options
- Four (4) - five (5) year options
- Zero LL responsibilities
NEW CONSTRUCTION
- New build-to-suit Strickland Brothers prototype
- Warranties will be transferred to the new owner
GOOD VISIBILITY ON MAJOR MILITARY ROUTE
- More than 36.5K cars travel on Lejeune Blvd
- Over 850 apartments from across the street Tarawa Terrace, the living corridors for Camp Lejeune Military Base
- Less than 3 miles to Camp Lejeune Military Base Entrance
SYNERGY WITH SURROUNDING AUTO BUSINESSES
- Nearby national auto users include: NTB, O’Reilly Auto Parts, and Caliber Collisions
- Over 267K SF of retail retail space in a 1-mile radius
- Strickland Brothers is one of the fastest growing companies in the United States, with over 170 Locations in 22 states
- Ranked number 504 in prestigious 5000 listing for 2022
ATTRACTIVE LEASE FUNDAMENTALS
- 15 Year Abs. NNN Lease
- 10% rental increases every 5 years including options
- Four (4) - five (5) year options
- Zero LL responsibilities
NEW CONSTRUCTION
- New build-to-suit Strickland Brothers prototype
- Warranties will be transferred to the new owner
GOOD VISIBILITY ON MAJOR MILITARY ROUTE
- More than 36.5K cars travel on Lejeune Blvd
- Over 850 apartments from across the street Tarawa Terrace, the living corridors for Camp Lejeune Military Base
- Less than 3 miles to Camp Lejeune Military Base Entrance
SYNERGY WITH SURROUNDING AUTO BUSINESSES
- Nearby national auto users include: NTB, O’Reilly Auto Parts, and Caliber Collisions
- Over 267K SF of retail retail space in a 1-mile radius
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,621 SF
Building Class
C
Year Built
2024
Price
$3,081,580 CAD
Price Per SF
$1,901 CAD
Cap Rate
6.75%
NOI
$208,039 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.90 AC
Zoning
B1
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Strickland Brothers
- Services
- 1,621 SF
- -
- Net
- Sep 2039
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Strickland Brothers | Services | 1,621 SF | - | Net | Sep 2039 |
PROPERTY TAXES
| Parcel Number | 352F-3 | Improvements Assessment | $0 CAD |
| Land Assessment | $273,360 CAD | Total Assessment | $273,360 CAD |
PROPERTY TAXES
Parcel Number
352F-3
Land Assessment
$273,360 CAD
Improvements Assessment
$0 CAD
Total Assessment
$273,360 CAD
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Strickland Brothers | 2227 Lejeune Blvd
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