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Aspen Dental 139 Blowing Rock Blvd

3,500 SF 4-Star Retail Building Lenoir, NC 28645 £1,888,763 (£540/SF) 6.20% Net Initial Yield

Investment Highlights

  • Brand New 2023 Build-to-Suit with Leading Dental Care Provider
  • Excellent Access and Visibility
  • 10-Year Modified NN Lease with Rental Increases
  • Dense Retail Trade Area

Executive Summary

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a newly developed Aspen Dental asset located in Lenoir, NC (the “Property”). The Property consists of a 3,500-square-foot freestanding retail building on a 0.85-acre parcel of land. Aspen Dental is operating under an original 15-year net lease with 9+ years of base term remaining. The lease also features 10.00% rental escalations every five years throughout the remaining base term and option periods, providing investors with a significant hedge against inflation. See Lease Abstract for full details.

Attachments

Downlaod OM Here

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
3,500 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
£1,888,763
Price Per SF
£540
Net Initial Yield
6.20%
NOI
£117,103
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.85 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B-2
Frontage
200 ft on Blowing Rock Blvd

Links

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Nearby Major Retailers

Starbucks
Ruby Tuesday
Waffle House
Cook Out
Workout Anytime
ALDI
First Citizens Bank
Anytime Fitness
Bestway Rent-To-Own
Curves

PROPERTY TAXES

Parcel Number 09-50-1-11 Improvements Assessment £49,740
Land Assessment £229,350 Total Assessment £279,090

PROPERTY TAXES

Parcel Number
09-50-1-11
Land Assessment
£229,350
Improvements Assessment
£49,740
Total Assessment
£279,090
(201) 919-6148

Contact

  • Listing ID: 31353731

  • Date on Market: 28/03/2024

  • Last Updated:

  • Address: 139 Blowing Rock Blvd, Lenoir, NC 28645

The Retail Property at 139 Blowing Rock Blvd, Lenoir, NC 28645 is currently available for sale. Contact Northmarq for more information.

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© 2024 CoStar Group

Aspen Dental | 139 Blowing Rock Blvd
(201) 919-6148 x

Aspen Dental | 139 Blowing Rock Blvd

Christian Tremblay

(201) 919-6148

(201) 919-6148

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