Property Highlights
- New 12-year corporately guaranteed ground lease provides passive ownership and stable cash flow
- High-profile outparcel to Lowe’s along Mocksville’s primary retail corridor (22,000 cars per day)
- Low rent ground lease priced below replacement cost
- Take 5 Oil Change operates over 800 locations in the US and Canada and is owned by Driven Brands, the largest automotive services company in North America with over 4,600 locations
- Fixed 10% rental increases provide income growth and hedge against inflation
- E-commerce and recession resistant business model with touch-free drive-thru service
- Regional location immediately off of I-40 (34,500 cars per day)
- Excellent underlying real estate fundamentals and full access from signalized intersection
- In 2022 North Carolina’s population grew by over 130,000 ranking the state 3rd in the Nation behind only Florida and Texas