Absolute NNN | 15 Years | 3% Annual Increases | Seasoned Location
Market Price
209 Town Square Circle, Mooresville, NC 28117
For Sale
Retail
Active
Last Updated: 09/28/2026
311,664
NOI
8,256 sqft
Building Size
Details:
NOI: $311,664
Building Size: 8,256 sqft
Lot Area: 1.33 sqft
Class: B
Lease Type: Absolute Net
Year Built: 2007
Zoning: MU-UM
Tenancy: Single
Opportunity Zone: No
Seller Financing: No
Parking Spots: 33
Year Last Renovated: 2024
Gross Leaseable Area: 8,256
Freight Elevator: No
CeilingHeight: 12
Lease Expire Year: 08/31/2041
Investment Strategy: Core
Highlights:
- Absolute NNN Brand New 15 Year Term
- 3% Annual Increases
- Seasoned Location
- Experienced Operator
Description:
Absolute NNN lease on a brand new 15-year term with 3% annual increases. Proven location with seasoned operator with multiple locations. The Tenant is operating under a 15-Year NNN lease with no landlord responsibilities that includes annual 3.0% rental increases, providing a significant hedge against inflation and a boost to the overall cash flow of the asset. Strong guarantors operate across 8 locations and boast strong guarantor positions that offer safety and peace of mind to an investor. Incredible ease of access as subject property is located in the Mooresville main commercial corridor with many major retailers, office users, and daytime employment.
Documents:
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179_Town_Square_Circle_-_For_Sale_Flyer.pdf
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Floor_Plan.jpg
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Location
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