For Sale
$1,650,000

611 Church StMorrisville, NC 27560

Prime Morrisville location, 8,500 sq ft approved building, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 1.09-acre lot at 611/703 Church Street in Morrisville, North Carolina (27560), currently priced at $1,650,000. The property boasts existing site plan approvals from the town of Morrisville for an 8,500 square foot building, with the approval expiring in May 2024. A significant advantage is the presence of a daycare tenant with a 20-year triple net (NNN) lease, including renewal options. This NNN lease structure ensures the tenant is responsible for all property taxes, insurance, and maintenance, minimizing the owner's operational responsibilities. The property is classified as Special Purpose and offers a unique opportunity for immediate income generation with a long-term tenant in place. The location in the heart of Morrisville provides excellent visibility and accessibility. This is an ideal investment for those seeking a stable, long-term income stream with a built-in tenant and existing site plan approvals, allowing for immediate development or continued operation under the current lease. The buyer has the option to build to suit with the existing tenant. This turnkey investment minimizes risk and maximizes return.

Highlights

  • $1,650,000 asking price.
  • Special purpose property, 1.09 acres.
  • Located at 611/703 Church Street, Morrisville, NC 27560.
  • Site plan approvals for an 8,500 sq ft building.
  • Includes a daycare tenant with a 20-year NNN lease and renewal options.

Property Details for 611 Church St

Property type
Specialty properties
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Morrisville
County
Wake
State
North Carolina
Latitude
35.8335055
Longitude
-78.8358975
611 Church St, Morrisville, North Carolina

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611 Church St
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