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2620 North Main Street
High Point, NC 27262
Asking Price
$22.57M
Cap Rate
5.75%
Asset Type
Retail
Class
Class B
What's Special
3.00% Annual Rent Increases | Investment Grade Credit (S&P: BBB) <ul><li><strong>Rare 3.0% Annual Rent Increases</strong> | The corporate lease features 3.0% annual rent increases, providing investors with NOI growth of 38% throughout the base term, yielding nearly an 8.00% cap rate by 2038. </li><li><strong>Long-term, ~13 Year Lease with Limited Landlord Obligations</strong> | Newly re-developed in 2023 for Tesla’s occupancy alongside a $5M tenant investment, the building received a new roof (18 years remaining on warranty), HVAC system and interior renova
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NOI
$80,000
Cap Rate
0.35%
DSCR
0.06
Underwater
Cash-on-Cash
-18.61%
Monthly Payment
$111,649.203
Annual Cash Flow
$-1,259,790.436
