130 Nc-801 Bermuda Run, NC 27006
- Retail properties
- 534 SF
- 0.67 lot acres
Current Use by Public Records
- Retail properties
Property Details for 130 Nc-801
- Year built
- 2024
- Lot size
- 0.67 lot acres
- Property size
- 534 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple, Class A, single-tenant Caribou Coffee property located at 130 NC-801, Advance, NC 27006. The 534 square foot building, constructed in 2024, features Caribou Coffee's new "Cabin Coffee" drive-thru and walk-up concept, maximizing operational efficiency. Boasting a 10-year lease (commencing May 31, 2024, and expiring May 30, 2034) with a corporate guarantee from Caribou Coffee, a subsidiary of Panera Brands, this property offers a stable, high-yield investment. The lease includes 10% rent bumps every five years and three 5-year renewal options. The property sits on a 0.67-acre lot with excellent visibility and accessibility, located near a major interstate (I-40) and other key roadways (Hwy 801 and Hwy 158), experiencing high daily vehicle traffic. The strong demographics of the area, with an average household income exceeding $116,000 within a 3-mile radius and over 17,000 residents, further enhance the investment potential. The property's proximity to Atrium Health Wake Forest Baptist Davie Hospital and Bermuda Run Country Club adds to its appeal. The asking price is $2,117,000, representing a 6.40% cap rate and a strong NOI of $135,500. The building features a new roof and structure with transferable warranties. This is a turnkey investment with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bermuda Run
- County
- Davie
- State
- North Carolina
- Longitude
- -80.4384
- Latitude
- 36.0043
