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Petco 2737 E State Highway 210 10,900 SF Retail Building Surf City, NC 28445 $5,485,000 ($503.21/SF) 6% Cap Rate
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,900 SF
Building Class
C
Year Built
2023
Price
$5,485,000
Price Per SF
$503.21
Cap Rate
6%
NOI
$329,105
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.30 AC
Frontage
414’ 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 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 4235-27-5829-0000 | Improvements Assessment | $1,514,181 |
| Land Assessment | $610,000 | Total Assessment | $2,124,181 |
Property Taxes
Parcel Number
4235-27-5829-0000
Land Assessment
$610,000
Improvements Assessment
$1,514,181
Total Assessment
$2,124,181
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Petco | 2737 E State Highway 210
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