Indian Trail, NC - The Goddard School
$4,455,000
1004 Harvest Red Road, Indian Trail, NC 28079
6.85
Cap Rate
305,150
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, The Goddard School investment property located in Indian Trail, North Carolina. The tenant, ALP CLT-IT OPCO, LLC (dba The Goddard School), recently commenced a new 20-year lease with two (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 2.00% annual rental increases throughout the initial term and option periods, steadily growing NOI and providing a hedge against inflation. The lease is NNN with limited landlord responsibilities, providing investors with a passive, long-term investment opportunity.
The Goddard School is strategically located along Harvest Red Road, immediately off Wesley Chapel Road (20,000 VPD), with convenient access to U.S. Highway 74 / E. Independence Boulevard (55,000 VPD), a major regional thoroughfare serving the Charlotte metropolitan area. The property is positioned near The Shops at Sun Valley, a Harris Teeter-anchored shopping center featuring Starbucks, Jersey Mike’s, Bojangles, MOD Pizza, Great Clips, and other retailers. The surrounding retail corridor also includes Publix, CVS Pharmacy, McDonald’s, Dunkin’, Wendy’s, Wingstop, Pizza Hut, Shell, Wells Fargo, and numerous other national/credit tenants, further increasing consumer traffic to the area. The subject property is ideally positioned within a family-oriented residential and educational corridor near Sun Valley High School
(1,272 students), Sun Valley Middle School (909 students), Sun Valley Elementary School (622 students), and Shiloh Valley Primary School (563 students). Located approximately 15 miles southeast of Downtown Charlotte, the property benefits from Indian Trail’s continued population and household growth. The 5-mile trade area is supported by a population of over 105,000 with an average household income exceeding $155,000.
Location
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