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

Retail Property For Sale

The Learning Experience-Legacy Village

123 Legacy Village Boulevard, Mooresville, NC 28117

Price:
$3,095,000
Building Size:
10,470 SF
Price/SF:
$295.61
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:
7.85%
Occupancy:
100%
Tenancy:
Single
Lot Size:
1.66 AC
Find Out More...

Last Verified 10/9/2009 Listing ID 16298954

Description

The Learning Experience has a new 15 Year NNN Lease with 2, 5-Year options to extend. Rent commenced February 1,
2009. The Lease provides for rent increases of 12.5% every 5 years. Additionally, The Learning Experience pays its prorata
share of common area costs as well as reimbursement for all real estate taxes, and Landlord' s liability insurance.

Located in Legacy Village, a 350,000 SF master planned transit oriented development (TOD) in front of Lowes Home
Improvement Corporate Headquarters (NYSE: LOW) and Lake Norman Regional Hospital this 10,470 SF +/- square
foot childcare center is leased to The Learning Experience and includes a additional 8,280 +/- square foot outdoor play
area. With the influx of daily employees to both Lowe' s, the Hospital and to Legacy Village, this Learning Experience is
well positioned for the future

Financial Summary

Actual
Net Operating Income
$242,958

Map of 123 Legacy Village Boulevard, Mooresville, NC 28117 (Iredell County)

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Created 6/30/2009

Additional Information for 123 Legacy Village Boulevard, Mooresville, NC 28117

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 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.

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-Legacy Village

123 Legacy Village Boulevard, Mooresville, NC, 28117