CVS | 6.65% Cap | Absolute NNN | 14+ Yrs Remaining | Research Triangle Region

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Michael Gaggo

248.702.0287
mgaggo@encorereis.com

Request More Info

Offering Information

2103 TW Alexander Dr.
Morrisville, NC 27560

  • Price: $4,700,000
  • Cap. Rate: 6.65%
  • NOI: $312,646
  • Building Size: 13,066SF
  • Lot Size: 1.83 AC

Investment Highlights

  • Absolute Net Lease | Zero Landlord Responsibilities
  • Double Drive-Thru Available on Site | Excellent Ingress and Egress
  • Ten (10), Five-Year Options to Renew
  • Investment Grade Tenant - Standard & Poor’s Credit Rating - “BBB+”
  • Population Within a 5-Mile Radius Exceeds 89,802 People | Projected Growth Rate of 11.21% within a 1-Mile Radius by 2022
  • Vibrant Location | 1-Mile Household Income Exceeds $97,376 | 3-Mile Household Income Exceeds $95,728
  • Combined Traffic Counts of Over 39,214 VPD +/- at Intersection
  • Within Close Proximity to Raleigh-Durham International Airport
  • Outparcel to Food Lion Shopping Center | Located 11 Miles Away From Duke University and 5 Miles Away from Research Triangle Park
  • National Tenants Surrounding Investment Property: Food Lion, Anytime Fitness, Subway, FedEx Ground, GE Aviation, and more