3400 Castle Hayne Rd - Freestanding FOR SALE


Castle Hayne, NC 28429- Wrightsboro Acres
$7,565,000 USD
949-506-2009
3400 Castle Hayne Rd, Castle Hayne, NC for Sale
$7,565,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

3400 Castle Hayne Rd
Castle Hayne, NC 28429
Wrightsboro Acres


HIGHLIGHTS

  • New 15 Year Lease | 2025 Construction | Corporate Guaranty Scheduled Increases | Options to Extend
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • High Visibility & Street Frontage on Castle Hayne Rd (16,000 VPD) | Accessible via I-40 (61,500 VPD) | Dense Industrial Corridor
  • Strong Demographics In 5-Mile Trade Area | Wilmington MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate guaranteed (NASDAQ: TSCO), investment grade (S&P: BBB) Tractor Supply investment property located in Castle Hayne, North Carolina (Wilmington MSA). The tenant recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$7,565,000 USD

PRICE/SF

$345 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply | New 15 Year Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

11.63 AC

LAND SF

506,603 SF

ZONING

R-20, RESID

APN/PARCEL ID

R02500-002-009-000,R02500-002-009-003,R02500-002-020-000,R02500-002-021-000,R02500-002-022-000

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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