Petco | Henderson, NC | 160 US 158 Byp
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Petco | Henderson, NC 160 US 158 Byp
15,900 SF Retail Building Henderson, NC 27537 $5,825,000 ($366/SF) 6% Cap Rate
Executive Summary
Absolute NNN Lease -
This property has an absolute NNN lease with zero LL responsibilities. Investors will appreciate the annual rent bumps, corporate guarantee, and 13 years of term remaining.
Newly Built Location -
This Petco location was built in 2023 and has nearly a 2-acre lot. This location features highway visibility, ample parking, and great signage.
High-Demand Market -
Henderson is just over an hour north of Raleigh and close to the Virginia border. The local retail market has a low vacancy rate of 0.7% with nothing currently under construction.
Prime Retail Location -
The property is located on a major throughway where it receives excellent visibility and accessibility. Located in close proximity to several retailers including Walmart, Lowe's, Marshalls, Walgreens and many others.
This property has an absolute NNN lease with zero LL responsibilities. Investors will appreciate the annual rent bumps, corporate guarantee, and 13 years of term remaining.
Newly Built Location -
This Petco location was built in 2023 and has nearly a 2-acre lot. This location features highway visibility, ample parking, and great signage.
High-Demand Market -
Henderson is just over an hour north of Raleigh and close to the Virginia border. The local retail market has a low vacancy rate of 0.7% with nothing currently under construction.
Prime Retail Location -
The property is located on a major throughway where it receives excellent visibility and accessibility. Located in close proximity to several retailers including Walmart, Lowe's, Marshalls, Walgreens and many others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,900 SF
Building Class
C
Year Built
2023
Price
$5,825,000
Price Per SF
$366
Cap Rate
6%
NOI
$349,412
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.73 AC
Zoning
HB2A
Frontage
431 FT on Ruin Creek Road
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0213-02001 | Improvements Assessment | $1,997,412 |
| Land Assessment | $534,530 | Total Assessment | $2,531,942 |
PROPERTY TAXES
Parcel Number
0213-02001
Land Assessment
$534,530
Improvements Assessment
$1,997,412
Total Assessment
$2,531,942
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Petco | Henderson, NC | 160 US 158 Byp
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