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Petco 2737 E State Highway 210

10,900 SF Retail Building Surf City, NC 28445 $5,485,000 ($503/SF) 6% Cap Rate

Retail Buildings North Carolina Surf City 2737 E State Highway 210, Surf City, NC 28445

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.

Attachments

Petco - Surf City, North Carolina - OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,900 SF
Building Class
C
Year Built
2023
Price
$5,485,000
Price Per SF
$503
Cap Rate
6%
NOI
$329,105
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.30 AC
Frontage
414 FT 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

Links

1 of 1

Nearby Major Retailers

Publix
Walmart Neighborhood Market
HOTWORX
Food Lion

PROPERTY TAXES

Parcel Number 4235-27-5829-0000 Improvements Assessment $591,135
Land Assessment $610,000 Total Assessment $1,201,135

PROPERTY TAXES

Parcel Number
4235-27-5829-0000
Land Assessment
$610,000
Improvements Assessment
$591,135
Total Assessment
$1,201,135
(512) 630-9758

Contact

  • Listing ID: 27468382

  • Date on Market: 1/9/2023

  • Last Updated:

  • Address: 2737 E State Highway 210, Surf City, NC 28445

More public record information on 2737 E State Highway 210, Surf City, NC 28445

The Retail Property at 2737 E State Highway 210, Surf City, NC 28445 is currently available for sale. Contact Embree Capital Markets Group for more information.

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2737 E State Highway 210, Surf City, NC for sale Building Photo- Image 1 of 9
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Petco | 2737 E State Highway 210
(512) 630-9758 x

Petco | 2737 E State Highway 210

Klinton Lewis

(512) 630-9758

(512) 630-9758

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