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Petco | Henderson, NC

$5,825,000

160 Us 158 Byp, Henderson, NC 27537

Active
Last Updated: 04/10/2025

6

Cap Rate

349,412

NOI

Details:
Cap Rate:    6%
NOI:    $349,412
Building Size:    15,900 sqft
Lot Area:    1.73 acres
Occupancy:    100%
Year Built:    2023
Floors:    1
Description:

Absolute NNN Lease -
This property has an absolute NNN lease with zero LL responsibilities. Investors will appreciate the annual rent bumps, corporate guarantee, and 13 years of term remaining.

Newly Built Location -
This Petco location was built in 2023 and has nearly a 2-acre lot. This location features highway visibility, ample parking, and great signage.

High-Demand Market -
Henderson is just over an hour north of Raleigh and close to the Virginia border. The local retail market has a low vacancy rate of 0.7% with nothing currently under construction.

Prime Retail Location -
The property is located on a major throughway where it receives excellent visibility and accessibility. Located in close proximity to several retailers including Walmart, Lowe's, Marshalls, Walgreens and many others.

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Map:
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Petco___Henderson__NC_OM.pdf
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Location
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