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Mission Pet Health | NNN Lease | +8 Yrs Term 4110 Bayswater Rd 10,000 SF Retail Building Winterville, NC 28590 $3,508,033 CAD ($350.80 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN lease with ±8.36 years remaining and 2.5% annual rent escalations, providing stable cash flow.
- Prime location along Bayswater Road with excellent visibility and access to US-264 and NC-11; ±40,000 VPD.
- Very passive lease structure with minimal landlord responsibilities, ideal for hands-off investors.
- Single-tenant veterinary facility purpose-built for Mission Pet Health, one of the largest veterinary platforms in the U.S.
- Tenant has five (5), five (5) year renewal options, ensuring long-term occupancy and investment stability.
- Surrounded by major retailers and residential communities within a 3-mile radius, supporting strong demand.
Executive Summary
Broker of Record
Gerard Hamas
Broker License No. 362768 (NC)
Firm License No. C42113 (NC)
Matthews Real Estate Investment Services, LLC
Gerard Hamas
Broker License No. 362768 (NC)
Firm License No. C42113 (NC)
Matthews Real Estate Investment Services, LLC
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2017
Price
$3,508,033 CAD
Price Per SF
$350.80 CAD
Cap Rate
6.25%
NOI
$219,252 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.36 AC
Zoning
CG
Parking
58 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
196’ on Bayswater Rd
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 082823 | Improvements Assessment | $1,643,789 CAD |
| Land Assessment | $364,906 CAD | Total Assessment | $2,008,695 CAD |
Property Taxes
Parcel Number
082823
Land Assessment
$364,906 CAD
Improvements Assessment
$1,643,789 CAD
Total Assessment
$2,008,695 CAD
Contacts
-
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Mission Pet Health | NNN Lease | +8 Yrs Term | 4110 Bayswater Rd
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