PROPERTY SUMMARY
Address 409 N. Main St.
Kernersville, NC 27284
Ownership Fee Simple
Year Built 1997
Building Size 11,200 SF
Parcel Size 1.47 Acres
Parking 60 Spaces
Traffic Count 14,000 VPD (North Main St.)
13,000 VPD – Piney Grove Rd.
INVESTMENT SUMMARY
Listing Price $1,920,000
NOI $134,400
Cap Rate 7.00%
Lease Type Double Net Lease with Minimal
Landlord Responsibility
Remaining Term 8.2 Years
Renewal Options 3 – 5 Years
Rent Increases $0.50/SF After Year 5
$0.50/SF at Each Option