7723 University City Blvd, Charlotte, NC, 28213
Strickland Brothers
Key Information
Highlights
• Long-Term Lease — Strickland Brothers operates under a 10-year lease, providing investors with long-term income stability and limited near-term rollover risk.
• Triple Net (NNN) Lease — NNN lease structure minimizes landlord responsibilities and provides investors with a passive, income-producing asset.
• Attractive Rental Increases — 10% rent increases every five years provide consistent income growth.
• Multiple Renewal Options — Four, 5-year renewal options provide the tenant with the ability to extend occupancy for an additional 20 years.
• Strong Charlotte MSA Location — Strategically located along University City Boulevard in Charlotte, NC, benefiting from proximity to established residential communities, and seeing ±30,000 VPD.
• Essential Service-Based Tenant — Strickland Brothers operates in the automotive maintenance industry, providing routine vehicle services that support recurring consumer demand.
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