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DOM: 98 Updated: 09.03.24 Posted: 05.28.24 Status: Sold 09.03.24

Summary

Price $4,640,000 $4,978,457
Built/Renov 2005
Tenant Action Behavior Centers
Cap Rate 7.51% 7.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 11,974
Lease Start 05-22-2024
#Units 160
Price/SF $387.51 $415.77
Expiration 05-31-2034
Tenant Type Medical/Health
NOI $348,492
R. Term 9.0
Ownership Fee Simple
Rent/SF $29.10
Increases 2.0%/1/yrs
Pop 5Mi 147,090
Lot/AC 1.78
Options 1/5yrs/2%
AHHI 5Mi $112,244

Lease Highlights

  • Action Behavior Centers recently executed a brand-new 10-year lease with 1 (5-year) option to extend
  • The lease features 2% annual rental escalations throughout the initial term and option period
  • Corporate guaranteed lease

Location Description

Action Behavior Centers is strategically located on South Ridge Drive, just off State Highway 49, a major thoroughfare, with access to 43,467 vehicles passing by daily. The property is situated across the street from York Ridge Shopping Center. The immediate area boasts well-known national tenants, including Jersey Mike's, Papa John's, Crunch Fitness, Lidl, Jack in the Box, and more. The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Action Behavior Centers
  • Guarantor:Corporate
  • Company:Action Behavior Centers, LLC
  • # Units:160
  • Stock:Private

About Tenant

Action Behavior Centers, LLC is one of the nation’s fastest-growing Applied Behavior Analysis therapy providers for those with autism spectrum disorder. With over 3,000 dedicated autism...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,001 57,746 158,903
2024 Total Population : 7,776 55,350 152,036
2024 Employed Civilian Pop : 4,825 34,306 88,228
2024 Total Businesses : 445 3,058 5,981
2024 Average Household Income : $ 103,265 $ 112,878 $ 120,518
2024 Total Consumer Spending : $ 304 M $ 2196 M $ 6353 M
2024 Median Age : 37 36 36
2024 Total Households : 3,347 22,054 59,884
2024 Pop Age 25+: Bachelor's Degree : 1,703 13,032 33,477
2024 Average Home Value : $ 398,764 $ 444,438 $ 469,666
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Tryon Street S Point Blvd 2022 38,169 0.08 mi
S Tryon St York Crossing Dr 2016 39,000 0.15 mi
S Tryon St John Price Rd 2016 43,500 0.21 mi
Carowinds Blvd Katie Kim Dr 2016 15,000 0.22 mi
Carowinds Boulevard Winds Crossing Dr 2022 12,133 0.22 mi
Carowinds Boulevard Winds Crossing Dr 2018 15,500 0.22 mi
Moss Rd Longhedge Ln 2007 2,300 0.23 mi
Moss Rd Laurel Pointe Way 2010 6,700 0.24 mi
Carowinds Blvd Katie Kim Dr 2004 15,000 0.26 mi
S Tryon St Savannah Club Dr 2000 15,300 0.36 mi

Listing Broker

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