700 Sunset Drive

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700 Sunset Drive

Asheboro, NC 27205
Asking Price
$3.51M
Cap Rate
7.15%
Asset Type
Day Care/Nursery Retail
Class
Class B

What's Special

Renovated-to-Suit ABA Healthcare Asset | New 15-Yr. NNN Lease | 2% Annual Rent Escalations <ul><li>​NNN lease structure - Corporate parent guaranty</li><li>​Limited landlord responsibilities (roof/structure)</li><li>​New 15-year lease with 2% annual rent escalations</li><li>​Strong tenant brand recognition with over 53 locations across 8 states</li><li>​Backed by Cerberus ($55B+ AUM global investment firm)</li><li>​Favorable reimbursement rates and regulatory climate in North Carolina</li><li>​Recession-resistant, high-growth autism care sector</li><li>​Renovation-to-suit for tenant</

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NOI
$80,000
Cap Rate
2.28%
DSCR
0.38
Underwater
Cash-on-Cash
-12.19%
Monthly Payment
$17,365.565
Annual Cash Flow
$-128,386.779

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