209 Town Square Cir - Retail FOR SALE


Mooresville, NC 28117- Lakeside Park
$4,985,000 USD
704-681-4270
209 Town Square Cir, Mooresville, NC for Sale
$4,985,000 USD
Retail - FOR SALE
1/7
null | 6.25% Cap Rate

209 Town Square Cir
Mooresville, NC 28117
Lakeside Park


HIGHLIGHTS

  • Seasoned Operator in Proven Location
  • 15 Year Absolute NNN Lease
  • 3% Annual Increases

OVERVIEW

Absolute NNN lease on a brand new 15-year term with 3% annual increases. Proven location with seasoned operator with multiple locations. The Tenant is operating under a 15-Year NNN lease with no landlord responsibilities that includes annual 3.0% rental increases, providing a significant hedge against inflation and a boost to the overall cash flow of the asset. Strong guarantors operate across 8 locations and boast strong guarantor positions that offer safety and peace of mind to an investor. Incredible ease of access as subject property is located in the Mooresville main commercial corridor with many major retailers, office users, and daytime employment.

FOR SALE DETAILS

PRICE

$4,985,000 USD

PRICE/SF

$604 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

209 Town Square Cir Mooresville, NC - Daycare

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

CU-CM

APN/PARCEL ID

4647-43-3239.000

ASK ABOUT THIS PROPERTY

Brian CillianGreybridge PartnersMore Info
704-681-4270

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brian CillianGreybridge PartnersMore Info
704-681-4270

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.