825 Blowing Rock Blvd - Freestanding FOR SALE


Lenoir, NC 28645
$2,217,000 USD
843-345-5333
825 Blowing Rock Blvd, Lenoir, NC for Sale
$2,217,000 USD
Freestanding - FOR SALE
1/6
null | 6.75% Cap Rate

825 Blowing Rock Blvd
Lenoir, NC 28645


HIGHLIGHTS

  • 100% Occupied by AT&T and FastMed Urgent Care on Modified NNN Leases with Annual Escalations & Minimal Landlord Responsibilities | WALT of ±3.9 Years
  • Long-Term Operating History | Both Tenants Have Been In-Place for Over 10 Years | AT&T Recently Exercised Their First 3-Year Option
  • Nation’s Largest Privately Held AT&T Authorized Retailer | Prime Comms Retail, LLC is AT&T’s Largest Privately Held Authorized Retailer
  • FastMed Urgent Care is a Growing Brand with 44 Locations | Now Owned by CuraCor, a Subsidiary of Blue Cross Blue Shield of NC (S&P: A+)
  • Strategically Positioned on Blowing Rock Blvd (28,500+ VPD) | Outparcel to a Planet Fitness & Dunham’s Sports with Nearly 1M Annual Visits (placer.ai)
  • Primely Located in a Dense Retail Corridor | Neighboring Center Anchored by a Walmart Supercenter

OVERVIEW

Northmarq is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the North Hill Plaza, located at 825 Blowing Rock Blvd, in Lenoir, North Carolina. The subject property is fully occupied by AT&T and FastMed Urgent Care on Modified NNN leases with annual escalations, minimal landlord responsibilities, and a WALT of roughly 3.9 years. Both tenants have been in place for over 10 years, with AT&T recently executing their first renewal option. The AT&T franchisee, Prime Comms Retail, LLC, is the nation’s largest privately held AT&T authorized retailer with nearly 2,000 locations nationwide. FastMed Urgent Care is backed by Blue Cross Blue Shield of North Carolina (S&P: A+) and operates 44 locations across the state with limited urgent care competition in the Lenoir market. Primely located along Blowing Rock Blvd (28,500+ VPD), the property is an outparcel to a Planet Fitness and Dunham’s Sports anchored center with nearly 1 million annual visits (placer.ai), and the neighboring center is anchored by a Walmart Supercenter.

FOR SALE DETAILS

PRICE

$2,217,000 USD

PRICE/SF

$462 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AT&T | FastMed Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

B-2

APN/PARCEL ID

09-48-1-9C

ASK ABOUT THIS PROPERTY

Ani PaulsonNorthmarqMore Info
843-345-5333

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Ani PaulsonNorthmarqMore Info
843-345-5333

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