855 Glenn Bridge Rd - Freestanding FOR SALE


Arden, NC 28704- Avery Creek
$1,657,272 USD
760-593-8710
855 Glenn Bridge Rd, Arden, NC for Sale
$1,657,272 USD
Freestanding - FOR SALE
1/6
null | 6.6% Cap Rate

855 Glenn Bridge Rd
Arden, NC 28704
Avery Creek


HIGHLIGHTS

  • Absolute 15 Year NNN Lease - Commenced in February 2021
  • 2021 Construction
  • Strong Corporate Lease Guaranty - BBB S&P Credit Rating
  • 15 Years lease with five (5) years options to renew
  • No Tenant Termination Rights with 5 options to extend, and each option is 5 years with a 10% rent increase
  • 1 Minute from the 2025 Built 319-Unit Luxury Apartment - The Ashe

OVERVIEW

Le Commercial Team is pleased to exclusively market an Absolute NNN Dollar General, built in 2021, located in Arden, North Carolina. The investment comes with a corporate guarantee in which Dollar General holds an S&P Global credit rating of “BBB”. The initial lease term is for 15 years with rent commencement in February 2021, 5 options to extend, each is 5 years long and each triggers a 10% rent increase. There are no tenant termination rights and no landlord responsibilities. This Dollar General is located in a growing market and according to Costar, the population within the 10-mile radius has expanded by 32%, from 119,656 to 176,289 residents. The property is located just less than 10 minutes from the Asheville Regional Airport, Target, Chick-fil-A, Western Agriculture Exposition Center, Clarion Inn, Mercedes Benz of Asheville, Sierra Nevada Brewing Co., Lake Julian, 319-Unit Luxury Apartment - The Ashe, Chestnut Mountain Golf Club and more.

FOR SALE DETAILS

PRICE

$1,657,272 USD

PRICE/SF

$182 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.65 AC

LAND SF

115,434 SF

ZONING

NS

APN/PARCEL ID

9633-65-1405-00000

ASK ABOUT THIS PROPERTY

Tai LePR AdvisorsMore Info
760-593-8710

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Tai LePR AdvisorsMore Info
760-593-8710

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