For Sale
$4,924,000

105 Village Walk Dr Holly Springs, NC 27540

6.5% Cap Rate, NNN Lease, Multi-Tenant

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a brand-new, single-story, 6,501 square foot retail building in Holly Springs, North Carolina. Located on a 1.4-acre lot at 105 Village Walk Dr, 27540, this Class A property boasts a prime location on a high-traffic retail corridor, adjacent to major retailers like Harris Teeter, Lowe's, and Walmart. The property features a multi-tenant occupancy with Heartland Dental and Petfolk as tenants, both operating under long-term, Net Lease (NNN) agreements, including rent bumps. The building, constructed in 2023, offers a modern and attractive space for customers. This investment benefits from a strong demographic profile, situated within the thriving Raleigh MSA, experiencing significant population growth and high incomes, projected to increase by 14.44% within a 1-mile radius by 2027. The property's tenant mix is highly resilient, demonstrating strength even during economic downturns. Heartland Dental's corporate guaranty provides additional security, while Petfolk's position within the rapidly expanding pet industry offers significant future growth potential. The current Net Operating Income (NOI) is $320,038, yielding a 6.50% capitalization rate, and the asking price is $4,924,000. This fee-simple ownership opportunity offers a compelling combination of stability and growth potential in a desirable market.

Highlights

  • Strong population growth and high household incomes in the area.
  • Raleigh MSA: a prime investment market.
  • High vehicular traffic counts ensure excellent visibility.
  • Investment-grade tenant, Heartland Corporate Guaranty, provides stability.
  • Petfolk, a rapidly expanding tenant (5,000% year-over-year growth).
  • Resilient tenant mix mitigates economic downturn risk.

Property Details for 105 Village Walk Dr

Property type
Retail properties, Medical offices
Square Feet
6,501 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Holly Springs
County
Wake
State
North Carolina
Latitude
35.6414324
Longitude
-78.8395252

FAQs

What type of property is this?
Retail property - 6.5% Cap Rate, NNN Lease, Multi-Tenant
Where is the retail property located?
The property is located at 105 Village Walk Dr Holly Springs, NC.
What is the asking price?
The asking price for this property is $4,924,000.
What are key features of this property?
This property features: Strong population growth and high household incomes in the area.; Raleigh MSA: a prime investment market.; High vehicular traffic counts ensure excellent visibility.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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105 Village Walk Dr
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