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Big Blue Marble Academy 7580 Carpenter Fire Station Rd 13,504 SF Retail Building Cary, NC 27519 $7,646,000 ($566.20/SF) 6.35% Cap Rate
Investment Highlights
- 14 Years Remaining on Absolute Triple-Net (NNN) Lease with 2% Annual Rental Increases and Multiple Renewal Options
- ±11 Feeder Elementary Schools Within a 5-Mile Radius
- 147,000+ Residents in a 5-Mile Radius
- Multiple Renewal Options
- Population in the Immediate Area is Projected to Increase More Than 8% by 2030
- Average Household Income Exceeds $200,000 in the Immediate Surrounding Area
Executive Summary
Big Blue Marble Academy provides a globally inspired, nurturing early education environment designed to support children during their most formative years, beginning in infancy.
Cary is a town in Wake, Chatham, and Durham counties in the U.S. state of North Carolina and is part of the Raleigh-Cary metropolitan area.
Cary is a town in Wake, Chatham, and Durham counties in the U.S. state of North Carolina and is part of the Raleigh-Cary metropolitan area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,504 SF
Building Class
C
Year Built/Renovated
2006/2023
Price
$7,646,000
Price Per SF
$566.20
Cap Rate
6.35%
NOI
$485,502
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.23 AC
Zoning
GCP
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0725.04-94-7661-000 | Improvements Assessment | $3,777,379 |
| Land Assessment | $1,512,457 | Total Assessment | $5,289,836 |
Property Taxes
Parcel Number
0725.04-94-7661-000
Land Assessment
$1,512,457
Improvements Assessment
$3,777,379
Total Assessment
$5,289,836
Contacts
-
Spencer Berkley -
Mark Ruble -
Christopher Lind -
Zack House -
Charles Gallagher -
Marcus & Millichap
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Big Blue Marble Academy | 7580 Carpenter Fire Station Rd
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