655 Reedy Creek Rd - Specialty FOR SALE


$7,680,000 USD
332-345-4222
655 Reedy Creek Rd, Cary, NC for Sale
$7,680,000 USD
Specialty - FOR SALE
1/2
null | 6.25% Cap Rate


HIGHLIGHTS

  • Corporate Guarantee for Full Term
  • Built-In Income Growth
  • Passive Ownership
  • Affluent & Growing Demographics

OVERVIEW

SURMOUNT is pleased to present the exclusive listing for a Lightbridge Academy located at 655 Reedy Creek Rd, Cary, NC 27513. The site consists of roughly 11,435 rentable square feet of building space on an estimated 1.92-acre parcel of land. This Lightbridge Academy is subject to a 20-year Triple Net (NNN) lease, which commences 30 days after substantial completion. The current annual rent is $480,000 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$7,680,000 USD

PRICE/SF

$672 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lightbridge Academy

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

-

APN/PARCEL ID

0764.12-86-9358-000

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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

Glen KunofskySurmountMore Info
332-345-4222

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