105 Village Walk Dr, Holly Springs, NC 27540
- Retail properties & Spaces
- 6,501 SF
- 1.40 lot acres
Current Use by Public Records
- Petfolk Veterinary & Urgent Care - Holly Springs / Veterinary Clinic
Property Details for 105 Village Walk Dr
- Year built
- 2023
- Lot size
- 1.40 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a brand-new, single-story, 6,501 square foot retail building in Holly Springs, North Carolina. Located on a 1.4-acre lot at 105 Village Walk Dr, 27540, this Class A property boasts a prime location on a high-traffic retail corridor, adjacent to major retailers like Harris Teeter, Lowe's, and Walmart. The property features a multi-tenant occupancy with Heartland Dental and Petfolk as tenants, both operating under long-term, Net Lease (NNN) agreements, including rent bumps. The building, constructed in 2023, offers a modern and attractive space for customers. This investment benefits from a strong demographic profile, situated within the thriving Raleigh MSA, experiencing significant population growth and high incomes, projected to increase by 14.44% within a 1-mile radius by 2027. The property's tenant mix is highly resilient, demonstrating strength even during economic downturns. Heartland Dental's corporate guaranty provides additional security, while Petfolk's position within the rapidly expanding pet industry offers significant future growth potential. The current Net Operating Income (NOI) is $320,038, yielding a 6.50% capitalization rate, and the asking price is $4,924,000. This fee-simple ownership opportunity offers a compelling combination of stability and growth potential in a desirable market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Holly Springs
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8395
- Latitude
- 35.6414
