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Browse More Listings in Charlotte, NC or North Carolina

Special Purpose Property For Sale

Kennel/Boarding Facility NNN Lease Investment

10301 Feldfarm Lane, Charlotte, NC 28210

Price:
$3,100,000
Building Size:
17,361 SF
Price/SF:
$178.56
Property Type:
Special Purpose
Property Sub-type:
Special Purpose (Other)
Additional Sub-types:
Warehouse
Distribution Warehouse
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
2%
Cap Rate:
8.70%
Occupancy:
100%
Tenancy:
Single
Year Built:
2002
Lot Size:
90,997 SF
Find Out More...

Last Verified 10/13/2009 Listing ID 16353029

Highlights

8.7 Cap Rate
Proven National Tenant
12+ years remaining on 20 year lease term

Excellent location in Charlotte Metro area
Positive cash flow

Description

Net Lease investment opportunity available for sale. Best Friends Pet Care, Inc., a national tenant, operates this pet boarding/grooming facility as their Charlotte area location. 12+ years remain on this corporate backed 20 year NNN lease. 17,000 square foot pole barn structure was built in 2002 for Best Friends Pet Care. This is truly a state of the art facility that included underground waste storage, sound proofing, and superior ventilation systems. Building has the potential to house many different uses that require conditioned warehouse/flex space.

The Pineville, North Carolina location of Best Friends Pet Care is located at 10301 Feldfarm Lane in a growing suburb of Charlotte, NC. Located within the I-485 Beltline, this area of North Carolina has some of the steadiest growth in the southeast over the last decade.

Financial Summary

Major Tenant Information

Proforma
Year
2009
Net Operating Income
$269,700

Tenant		Lease Expired
Best Friends Pet Care, INC.		5/1/2022

Map of 10301 Feldfarm Lane, Charlotte, NC 28210 (Mecklenburg County)

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Presented by

REMAX Coastal Properties

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Contact Listing Broker

Lawrence Blanton (910) 256-8171 Ext: 2005

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Created 8/12/2009

Additional Information for 10301 Feld Farm Lane, Charlotte, NC 28210

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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Special Purpose Property For Sale - Kennel/Boarding Facility NNN Lease Investment

10301 Feldfarm Lane, Charlotte, NC, 28210