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Views: 29 DOM: 35 Updated: 06.25.24 Posted: 06.07.24 Status: Active

Summary

Price $1,317,850
Built/Renov 2022
Tenant Carrier Enterprise
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,000
Lease Start 03-01-2022
#Units 90
Price/SF $146.43
Expiration 02-28-2027
Tenant Type Industrial
NOI $92,250
R. Term 2.7
Ownership Fee Simple
Rent/SF $10.25
Increases 0.0%/0/yrs
Pop 5Mi 5,795
Lot/AC 0.91
Options 1/3yrs
AHHI 5Mi $113,563

Lease Highlights

  • New 2022 construction
  • Carrier Enterprise has 2+ years remaining on the current lease term with 1 (3-year) option to extend
  • Corporate guarantee (NYSE: CARR)
  • Investment grade tenant (S&P: BBB)

Location Description

Carrier Enterprise is strategically located on Elton Street, surrounded by well-known national tenants, including Exxon, U-Haul, Dollar General, Harley-Davidson, BP, and more. The 5-mile trade area is supported by a population of 5,795 residents with an affluent average household income of $113,563. Harbinger is an unincorporated community in Currituck County, North Carolina. As of the 2020...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Carrier Enterprise
  • Guarantor:Corp T and Rated
  • Company:Carrier Global Corporation
  • # Units:90
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: CARR

About Tenant

Carrier Enterprise LLC (CE) is one of the world’s largest HVAC distributors, providing the top aftermarket brands of parts, supplies, installation accessories, and tools, as well as a network of...


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Listing Broker

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