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655 Reedy Creek Rd - Lightbridge Academy 11,435 SF Specialty Building Offered at $7,111,111 at a 6.75% Cap Rate in Cary, NC 27513
Investment Highlights
- Corporate Guarantee for Full Term
- Passive Ownership
- Built-In Income Growth
- Affluent & Growing Demographics
Executive Summary
SURMOUNT is pleased to present the exclusive listing for a Lightbridge Academy located at 655 Reedy Creek Rd, Cary, NC 27513. The site consists of roughly 11,435 rentable square feet of building space on an estimated 1.92-acre parcel of land. This Lightbridge Academy is subject to a 20-year Triple Net (NNN) lease, which commences 30 days after substantial completion. The current annual rent is $480,000 and has scheduled increases of 2.00% annually.
Property Facts
| Price | $7,111,111 | Building Class | B |
| Price Per SF | $621.87 | Lot Size | 1.94 AC |
| Sale Type | Investment | Building Size | 11,435 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2025 |
| Property Subtype | School |
| Price | $7,111,111 |
| Price Per SF | $621.87 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 1.94 AC |
| Building Size | 11,435 SF |
| No. Stories | 1 |
| Year Built | 2025 |
Property Taxes
| Parcel Number | 0764.12-86-9358-000 | Improvements Assessment | $0 |
| Land Assessment | $388,987 | Total Assessment | $388,987 |
Property Taxes
Parcel Number
0764.12-86-9358-000
Land Assessment
$388,987
Improvements Assessment
$0
Total Assessment
$388,987
Contacts
-
Glen Kunofsky -
Edward Otocka -
Amelia Haydock -
Francis Purritano -
Christopher Marks -
Surmount
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655 Reedy Creek Rd - Lightbridge Academy
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