3 Twin Brook DrClemmons, NC 27012

Property Details for 3 Twin Brook Dr

Year built

1991

Lot size

2.50 AC

Property size (Sq ft)

12,000 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a 12,000-square-foot school building situated on a 2.5-acre lot at 3 Twin Brook Drive, Clemmons, NC 27012. Built in 1991, the property boasts a 100% occupancy rate under a 16-year Absolute Triple Net (NNN) lease with a corporate guarantee from Nest Schools, a nationally operating educational institution with plans for significant expansion. The lease commenced May 31, 2024, and expires May 30, 2040, leaving a substantial 15.5 years remaining. The lease includes annual rent bumps of 2.25% starting after year seven, providing consistent income growth. The property's strong financial performance is reflected in its $5,877,161 asking price, a $489.76 price per square foot, and a 7.00% cap rate, based on a Net Operating Income (NOI) of $411,401. The location benefits from a high-income demographic, with average household incomes exceeding $92,562 within a 5-mile radius and over 255,754 people within a 10-mile radius. The area also features numerous nearby retailers and feeder elementary schools, ensuring a strong and stable tenant base. This is a secure, low-maintenance investment with significant long-term potential. Two five-year lease options are included.

Location Insight

City

Clemmons

County

Forsyth

State

North Carolina

Latitude

35.9685

Longitude

-80.3003

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