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Building Blocks For Tots 3960 Lake Wilson Rd N 7,300 SF Retail Building Wilson, NC 27896 $1,461,789 ($200.25/SF) 7.10% Cap Rate
Investment Highlights
- Long-Term Operating History
- Accessible Infill Location
- Established Residential Trade Area
Executive Summary
Surmount is pleased to present the exclusive listing for a Building Blocks For Tots located at 3960 Lake Wilson Road, Wilson, NC 27896. The site consists of roughly 7,300 rentable square feet of building space on an estimated 1.1-acre parcel of land. Building Blocks For Tots is subject to a 20-year Triple Net (NNN) lease, which commenced 11/1/2019. The current annual rent is $103,787 and has scheduled increases of Lesser of 2.00% or 1x CPI Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
7,300 SF
Building Class
C
Year Built
2000
Price
$1,461,789
Price Per SF
$200.25
Cap Rate
7.10%
NOI
$103,787
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.10 AC
Zoning
GR6
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3713-58-0126.000 | Improvements Assessment | $459,517 |
| Land Assessment | $157,031 | Total Assessment | $616,548 |
Property Taxes
Parcel Number
3713-58-0126.000
Land Assessment
$157,031
Improvements Assessment
$459,517
Total Assessment
$616,548
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Building Blocks For Tots | 3960 Lake Wilson Rd N
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