Lightbridge Academy
Special Purpose | 6.75% CAP | 11,345 SqFt
Marketing description
SURMOUNT is pleased to present the exclusive listing for a Lightbridge Academy located at 655 Reedy Creek Rd, Cary, NC 27513. The site consists of roughly 11,435 rentable square feet of building space on an estimated 1.92-acre parcel of land. This Lightbridge Academy is subject to a 20-year Triple Net (NNN) lease, which commences 30 days after substantial completion. The current annual rent is $480,000 and has scheduled increases of 2.00% annually.
Investment highlights
Corporate Guarantee for Full Term | The lease is guaranteed by New Jule Holding LLC, a proven childcare operator with a strong track record. The corporate guaranty remains in place for the full 20-year term of the lease, providing investors with long-term security and income stability backed by a well-capitalized and experienced operator.
Built-In Income Growth | The lease features 2% annual rental increases, creating consistent year-over-year income growth that compounds over the life of the lease. This structure enhances long-term returns and serves as a hedge against inflation, ensuring the investment’s value keeps pace with market conditions.
Passive Ownership | The absolute NNN lease structure eliminates all landlord responsibilities, requiring no capital expenditures or active management from ownership. This hands-off arrangement provides investors with a stable, predictable income stream and the freedom to focus on other investments or pursuits without operational oversight.
Affluent & Growing Demographics | Located in a high-income market with average household incomes exceeding $107,000 and over 203,000 residents within five miles, with steady annual population growth.
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