For Sale
$1,889,763

7925 Commerce DrDenver, NC 28037

High-Yield NNN Lease in Denver, NC

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-story Caribou Coffee located at 7925 Commerce Dr, Denver, NC 28037, within the Charlotte MSA. Built in 2024, this Class A retail property boasts a 100% occupancy rate under a corporate-guaranteed, 10-year Net Lease (NNN) agreement with built-in rent bumps. The lease features 10% rent escalations every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its $120,000 annual Net Operating Income (NOI) and attractive 6.35% capitalization rate. The single-building property sits on a B-G zoned lot and offers excellent visibility and accessibility, enhanced by monument and building signage. This is a rare chance to acquire a secure, high-performing investment in a rapidly growing area of North Carolina. The property's location within the affluent Charlotte submarket benefits from explosive population growth, making it an ideal long-term investment. The asking price is $1,889,763. This is a fee simple ownership, not a ground lease. All aspects of the property are in excellent condition. The lease is a single-tenant agreement. The investment type is a Net Lease.

Highlights

  • Fee-simple ownership of a brand-new, single-story Caribou Coffee in Denver, NC.
  • 10-year corporate-guaranteed NNN lease with 10% rent escalations every five years.
  • $120,000 annual NOI and a 6.35% cap rate.
  • Located on a B-G zoned lot in the Charlotte MSA with excellent visibility and signage.
  • Asking price: $1,889,763.

Property Details for 7925 Commerce Dr

Property type
Retail properties, Restaurants
Class
A
Year Built
2024
Buildings
1
Stories
1

Location Insight

City
Denver
County
Lincoln
State
North Carolina
Latitude
35.484715
Longitude
-80.995201
7925 Commerce Dr, Denver, North Carolina

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7925 Commerce Dr
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