Listed by SURMOUNT
$1,461,789
Building Blocks For Tots
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 7,300
Cap Rate 7.1%
NOI $103,787
Occupancy 100%
Tenancy Single
Brand/Tenant Building Blocks For Tots
Lease Type NNN
Lease Term 20
Lease Expiration 10/31/2039
Remaining Term 13.4
Rent Bumps Yes
Lease Options 2, 5-Year Options
Price per SqFt $200
Year Built 2000
Acreage 1.100
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2019
Ownership Fee Simple
Retail | 7.10% CAP | 7,300 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Building Blocks For Tots located at 3960 Lake Wilson Road, Wilson, NC 27896. The site consists of roughly 7,300 rentable square feet of building space on an estimated 1.1-acre parcel of land. Building Blocks For Tots is subject to a 20-year Triple Net (NNN) lease, which commenced 11/1/2019. The current annual rent is $103,787 and has scheduled increases of Lesser of 2.00% or 1x CPI Annually.
Investment highlights
- Long-Term Operating History | The property has successfully operated as a daycare facility since 2000, demonstrating proven viability, consistent demand, and long-term stability within the market.
- Established Residential Trade Area | Located within a dense pocket of single-family housing, benefiting from built-in demand and consistent enrollment from surrounding neighborhoods.
- Accessible Infill Location | Positioned along Lake Wilson Road with ~12,000 ADTC, offering convenient access for daily drop-off/pick-up traffic and strong local visibility.
- Proximity to National Retail Corridor | Situated near a concentrated retail hub featuring Food Lion, Walmart, Walgreens, and other national tenants driving daily consumer traffic.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$103,787.00
$8,648.92/mo
Valuation Metrics
0
DSCR
7.1%
Cap Rate
7.1%
ROI
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