Verizon Wireless & Pet Supplies Plus

Hope Mills, North Carolina

About the Investment
✓ Fee Simple Ownership, Net Leased Investment
✓ 5.5-Year Weighted Average Lease Term
✓ Immediate Rent Growth With Upcoming 10% Rental Increase in Pet Supplies Lease
and 2% Annual Rental Increases With Verizon Lease
✓ Asphalt Parking Lot Newly Repaired and Restriped
✓ Oversized 3.72 AC Corner Parcel With Ability to Expand Building 6,800 Square Feet
✓ Verizon Has Exercised Its Remaining Five-Year Tenant Option Period
✓ Nationally Recognized Retailers | Nation’s Largest Authorized Verizon Dealer and
Nation’s Largest Pet Franchisor

Key Details

Price:: $3,869,610
Cap Rate:: 6.75%
Annual Rent:: $261,199
Address:: 3001 N Main Street, Hope Mills, North Carolina 28348
Lease Type:: NN

Original Lease Term:: 10 Years
Lease Commencement:: August 1, 2019
Lease Expiration:: August 31, 2029
Lease Term Remaining:: 5.9 Years
Rental Increases:: 10% Every 5yrs
Lot Size:: +/- 3.72 Acres
Building Size:: 10 SF
Year Built:: 1998
Year Renovated:: 2011
Tenant:: Verizon Wireless & Pet Supplies Plus

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Cade Kearn

ckearn@nnnpro.com

License: 10401306065

Anthony D’Ambrosia

adambrosia@nnnpro.com

License: 10401294012

Broker of record

Brian Brockman

Bang Realty-North Carolina, Inc

License: 298998

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