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2227 Lejeune BlvdJacksonville, NC 28546
Strickland Brothers
Asset ClassRetail
Cap Rate6.75%
6.75% Cap | 15 Yr. Abs. NNN Lease
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Strickland Bros in Jacksonville, NC. The Premises is leased to Strickland Brothers for a 15 year initial term, with four (4) - five (5) year options. The Asset is well positioned directly off of Lejeune Parkway and is across the street from Camp Lejeune’s primary living facility.

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Investment Highlights

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
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2227 Lejeune BlvdJacksonville, NC 28546

Sales Team

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Listing provided by Revere CRE