76 Old Rock Spring Cem Rd - Retail FOR SALE


Pittsboro, NC 27312
$3,926,718 USD
858-822-9811
76 Old Rock Spring Cem Rd, Pittsboro, NC for Sale
$3,926,718 USD
Retail - FOR SALE
1/13
null | 5.75% Cap Rate

76 Old Rock Spring Cem Rd
Pittsboro, NC 27312


HIGHLIGHTS

  • NNN Lease with Limited Landlord Responsibilities
  • 15 Year Initial Term with Three 5-Year Options; ±11 Years Initial Term Remaining
  • Located in the Research Triangle, a Major Hub for Technology, Research and Development; +55,000 Employees Combined
  • Massive Developments in Surrounding Area Currently Underway and Roadway Expansions
  • Population Expected to Double Over Next 10 Years
  • $120,000 Avg HHI in 5-Mile Radius

OVERVIEW

Fresenius Kidney Care offers a 15-Year NNN Lease with Three 5-Year renewal options. There’s ±11 years remaining of initial lease term. Landlord responsibilities are limited to roof and structure. The single-tenant 9,175 sqft building built in 2021 sits on a 1.63-acre lot with immediate access to US 15-501 and Hwy 64 (31,500 VPD combined), a major east-west route connecting Pittsboro to Apex and Siler City. Within a 1-mile radius, population growth is projected at 3.4% from 2024-2029 with Chatham County population projected to double over the next 10 years, per NC State University’s Center for Geospatial Analytics Report. The surrounding Pittsboro area is experiencing exceptional developmental growth – Chatham Park is a massive 8,500-acre master-planned community that will accommodate 27,000 homes and approximately 75,000 residents along with 22MM sqft office, research, retail and community space expected to be completed by 2045. The new Chatham Park Way Connection, an approx. $30MM project with expected completion in 2028, will enhance traffic flow in the area with a new southern roadway that will bypass downtown Pittsboro by linking the US 64 Bypass to US 15-501. Watch Property Video: https://vimeo.com/1139342807?share=copy&fl=sv&fe=ci

FOR SALE DETAILS

PRICE

$3,926,718 USD

PRICE/SF

$428 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fresenius Kidney Care | Carolina Dialysis

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

-

APN/PARCEL ID

0094699

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

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