Log In/Sign Up
Your email has been sent.
Petco 2737 E State Highway 210 10,900 SF Retail Building Surf City, NC 28445 $7,656,621 CAD ($702.44 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- New 2023 Build-To-Suit
- New 15-Year Lease (March 2023)
- Absolute NNN Lease
- New Petco STNL Prototype
- Corporate Guaranty
- 8.50% Increases Every 5-Years
EXECUTIVE SUMMARY
Embree Capital Markets Group is pleased to present a build-to-suit Petco located in Surf City, NC. This is an opportunity for an investor to acquire a well located Petco retail store with an attractive 15-year absolute NNN lease that features 8.5% rental increases every five years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,900 SF
Building Class
C
Year Built
2023
Price
$7,656,621 CAD
Price Per SF
$702.44 CAD
Cap Rate
6%
NOI
$459,404 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.30 AC
Frontage
414’ on State Highway 210
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Petco
- Retailer
- 10,900 SF
- -
- Triple Net
- Apr 2038
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Petco | Retailer | 10,900 SF | - | Triple Net | Apr 2038 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4235-27-5829-0000 | Improvements Assessment | $832,974 CAD |
| Land Assessment | $859,557 CAD | Total Assessment | $1,692,531 CAD |
PROPERTY TAXES
Parcel Number
4235-27-5829-0000
Land Assessment
$859,557 CAD
Improvements Assessment
$832,974 CAD
Total Assessment
$1,692,531 CAD
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Petco | 2737 E State Highway 210
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.