For Sale
$2,920,000

15 Battleground CtGreensboro, NC 27408

High-return pet daycare investment. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 15,256 square foot, free-standing retail building currently occupied by Destination Pet, a leading pet care provider. Located at 15 Battleground Ct, Greensboro, NC 27408, this property boasts a prime location in a dense retail corridor with excellent visibility and accessibility, experiencing over 106,000 vehicles per day. The property sits on a 1.07-acre lot and was constructed in 2016. The current lease is an absolute NNN lease with a remaining term of 12 years, expiring November 30, 2036, and commenced November 4, 2021. The lease includes a 10% rent increase every five years, providing significant long-term growth potential. The asking price is $2,920,000, representing a compelling 7.00% cap rate and a NOI of $204,372. The lease also includes three 5-year renewal options. This recession-resistant investment is situated within a large office market, adding to its appeal. The property's strong tenant, long-term lease, and built-in rent increases make it an ideal addition to any portfolio. The price per square foot is $191.40.

Highlights

  • 15-Year Absolute NNN Lease with 10% rent increases every five years.
  • Destination Pet, a leading pet care provider, is the current tenant.
  • Excellent visibility and accessibility, with over 106,000 vehicles per day.
  • Located in a dense retail corridor with national tenants.
  • Recession-resistant property type.
  • Situated within a large office market with 10.6M SF of office inventory.

Property Details for 15 Battleground Ct

Property type
Day care centers & nurseries, Retail properties
Square Feet
15,256 SF
Year Built
2016
Lot Size (sq. ft)
46,609 SF

Location Insight

City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.0883285
Longitude
-79.8085485
15 Battleground Ct, Greensboro, North Carolina

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15 Battleground Ct
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