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Aspen Dental 139 Blowing Rock Blvd

3,500 SF 4-Star Retail Building Lenoir, NC 28645 $2,411,290 ($689/SF) 6.20% Cap Rate

Retail Space North Carolina Lenoir 139 Blowing Rock Blvd, Lenoir, NC 28645

Investment Highlights

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

Executive Summary

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.

Attachments

Downlaod OM Here

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
3,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$2,411,290
Price Per SF
$689
Cap Rate
6.20%
NOI
$149,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.85 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B-2
Frontage
200 FT on Blowing Rock Blvd

Links

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Nearby Major Retailers

Starbucks
Ruby Tuesday
Waffle House
Cook Out
Workout Anytime
ALDI
First Citizens Bank
Anytime Fitness
Bestway Rent-To-Own
Curves

PROPERTY TAXES

Parcel Number 09-50-1-11 Improvements Assessment $63,500
Land Assessment $292,800 Total Assessment $356,300

PROPERTY TAXES

Parcel Number
09-50-1-11
Land Assessment
$292,800
Improvements Assessment
$63,500
Total Assessment
$356,300
(201) 919-6148

Contact

  • Listing ID: 31353731

  • Date on Market: 3/28/2024

  • Last Updated:

  • Address: 139 Blowing Rock Blvd, Lenoir, NC 28645

More public record information on 139 Blowing Rock Blvd, Lenoir, NC 28645

The Retail Property at 139 Blowing Rock Blvd, Lenoir, NC 28645 is currently available for sale. Contact Northmarq for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Aspen Dental | 139 Blowing Rock Blvd
(201) 919-6148 x

Aspen Dental | 139 Blowing Rock Blvd

Christian Tremblay

(201) 919-6148

(201) 919-6148

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