139 Blowing Rock Blvd - Freestanding FOR SALE


Lenoir, NC 28645
$2,335,938 USD
201-919-6148
139 Blowing Rock Blvd, Lenoir, NC for Sale
$2,335,938 USD
Freestanding - FOR SALE
1/3
null | 6.4% Cap Rate

139 Blowing Rock Blvd
Lenoir, NC 28645


HIGHLIGHTS

  • Brand New 2023 Build-to-Suit with Leading Dental Care Provider
  • 10-Year Modified NN Lease with Rental Increases
  • Excellent Access and Visibility
  • Dense Retail Trade Area

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a newly developed Aspen Dental asset located in Lenoir, NC (the “Property”). The Property consists of a 3,500-square-foot freestanding retail building on a 0.85-acre parcel of land. Aspen Dental is operating under an original 15-year net lease with 9+ years of base term remaining. The lease also features 10.00% rental escalations every five years throughout the remaining base term and option periods, providing investors with a significant hedge against inflation. See Lease Abstract for full details.

FOR SALE DETAILS

PRICE

$2,335,938 USD

PRICE/SF

$667 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

B-2

APN/PARCEL ID

09-50-1-11

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

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