Current Use by Public Records
- The Nest Schools / High School / Daycare Center
Property Details for 3 Twin Brook Dr
- Year built
- 1991
- Lot size
- 2.50 lot acres
- Property type
- Specialty properties
- Property subtype
- Schools
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.
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
- Clemmons
- County
- Forsyth
- State
- North Carolina
- Longitude
- -80.3003
- Latitude
- 35.9685
