139 Blowing Rock Blvd Lenoir, NC 28645-4401
Property profile & analytics
139 Blowing Rock Blvd Lenoir, NC 28645-4401
- Drive through restaurants
- 2,388 SF
- 0.63 lot acres
Property ID
US53-0768313
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chipotle Mexican Grill / Take-out & Catering / Catering Service
Property Details for 139 Blowing Rock Blvd
- Year built
- 2022
- Lot size
- 0.63 lot acres
- Property size
- 2,388 SF
- Property type
- Drive through restaurants
- APN
- 09 50 1 3A
- APU
- 095013A
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 3,500-square-foot Aspen Dental building, constructed in 2023. Located at 139 Blowing Rock Blvd, Lenoir, NC 28645, this single-tenant property sits on a 0.85-acre lot and boasts a strong 100% occupancy rate. The property benefits from a 10-year net lease (NN) with a commencement date of July 1, 2023, and an expiration date of June 30, 2033, leaving 8.6 years remaining on the initial term. The lease includes attractive 10% rent bumps every five years, providing a built-in hedge against inflation. The current annual net operating income (NOI) stands at $149,500, representing a compelling 6.00% cap rate on the asking price of $2,491,667. The lease also includes three, five-year renewal options, further enhancing the long-term value of this investment. This freestanding building enjoys excellent visibility and access within a dense retail area, benefiting from a growing demographic profile. The property's strategic location in Caldwell County, North Carolina, offers significant potential for future growth and appreciation. This is a rare opportunity to acquire a high-quality, passively managed investment with a leading dental provider in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,250,000
- ML approach
- $2,250,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lenoir
- County
- Caldwell
- State
- North Carolina
- Longitude
- -81.5254
- Latitude
- 35.9156
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$240,100
$563,200
$803,300
-
$240,100
$563,200
$803,300
