For Sale
$3,356,000

7180 Nc-73Denver, NC 28037

Denver, NC Retail Property - Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 4,178 square foot, single-tenant retail building in Denver, North Carolina, situated within the high-growth Charlotte MSA. The property, constructed in 2023, is leased to Heartland Dental, the largest dental support organization in the United States, under a 10-year net lease (NN) with a corporate guarantee. The lease commenced May 18, 2023, and features a remaining term of 9 years, with four 5-year renewal options, each including a 10% rent increase. The property boasts a strong 5.90% cap rate and a current Net Operating Income (NOI) of $198,000. Strategically located on a 0.81-acre lot along NC-73 (29,500 vehicles per day), this property enjoys high visibility and accessibility, situated on an outparcel to a Lowe's Home Improvement and across from a Walmart Supercenter. The building is a Class A property with transferable roof warranties. The tenant's financial strength, coupled with the favorable lease terms and prime location within a rapidly expanding market, makes this an attractive investment opportunity with minimal landlord responsibilities. The property benefits from its location in a retail node with excellent access points and high traffic counts. The Charlotte MSA's robust population and job growth projections further enhance the long-term value of this asset. This is a rare chance to acquire a newly constructed, high-quality retail property with a strong, creditworthy tenant in a thriving market.

Property Details for 7180 Nc-73

Property type
Retail properties, Retail space
Square Feet
4,178 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
35,284 SF

Location Insight

City
Denver
County
Lincoln
State
North Carolina
Latitude
35.44936953
Longitude
-81.00249989
7180 Nc-73, Denver, North Carolina

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7180 Nc-73
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