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Browse More Listings in Retail For Sale, Mooresville, NC or North Carolina

Retail Property For Sale

The Learning Experience

464 Williamson Road, Mooresville, NC 28117

Price:
$2,950,000
Building Size:
10,034 SF
Price/SF:
$294
Property Type:
Retail
Property Sub-type:
Day Care Facility/ Nursery
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
2%
Cap Rate:
7.75%
Occupancy:
100%
Tenancy:
Single
Find Out More...

Last Verified 11/9/2009 Listing ID 15987630

Description

The subject property is a 10,034 +/- square foot childcare center leased to a National Day Care and includes an additional 6,750 +/- outdoor play area. The subject property is located on Williamson Road, the major North-South corridor in Mooresville, NC.

The Tenant has a new 15 Year NNN Lease with 2, 5-Year options to extend. . The Lease provides for rent increases of 12.5% every 5 years. Additionally, tenant pays its pro-rata share of common area costs as well as reimbursement for all real estate taxes, and Landlord' s liability insurance.

Financial Summary

Actual
Net Operating Income
$228,625

Map of 464 Williamson Road, Mooresville, NC 28117 (Iredell County)

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Created 11/13/2008

Additional Information for 464 Williamson Road, Mooresville, NC 28117

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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HARBOUR POINTE VILLAGE
$0.92/SF/Month
789 - 2,158 SF

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - The Learning Experience

464 Williamson Road, Mooresville, NC, 28117