Stable Investment with Long Term Anchor Tenant and Upside Potential
2717 Leighton Ridge Dr
Wake Forest, NC 27587
Highlights
- Fully leased investment property available.
- Stable tenant base with significant upside potential at lease renewal.
- A new 10-year lease commencing at closing for the anchor tenant
- Very nice and well-maintained flex/office building in Wake Forest, NC
Description
Fully Occupied Investment Property for Sale with a long-term anchor tenant in place and significant upside in smaller tenant rollover at lease renewal. North Carolina Orthotics and Prosthetics, NC. has been in operation at this location for over 10 years and has signed a 10-year lease NNN lease that will commence at the closing of this property. The build-out for NCOPI is tenant-specific with a mix of office, exam/fitting rooms, and production space. The unique use of this tenant--custom molding of prosthetics--makes them exceptionally unique and sticky. The second Tenant, Sundek, has approximately 2.5 years remaining on their lease that is substantially under the market. This will allow the new owner to mark this lease to market and/or re-tenant this space to enhance the long-term yield on this property.
Property is being offered at a 6.0% cap rate on in-place income. Please contact the broker for a CA to get the full Offering Memorandum and Financials for this property.
This building is strategically located just south of Wake Forest, NC in the dynamic Neuse Industrial Park. The location offers exceptional access to the entire Triangle Region via I 540. 2117 Leighton Ridge is only 5 miles north of the I-540 outer loop and 2 miles from downtown Wake Forest, North Carolina. Neuse Industrial Park has exceptional access to Capital Boulevard with a full movement signalized intersection at Burlington Mills Road.
