For Sale
$1,470,000 | 8.00% Cap
310 Lithia Inn Road, Lincolnton, NC 28092
New OM Download
New OM Download
Broker of Record: Jeremy Halback | Bridgeline Real Estate LLC | NC License #: C41608
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 5,024 Square Feet |
10 Years | $117,600 |
Investment Highlights
New 10-Year Lease
The lease commenced October 12, 2026 and runs through October 10, 2036, with two 5-year renewal options that can extend the term to 2046.
2% Annual Rent Increases
Base rent steps up 2% every year in the initial term and both options, from $117,600 in year one to $140,543 in year ten.
NNN Lease
Tenant pays real estate taxes, insures the building and pays utilities and operating costs. Landlord covers structural repairs and capital replacements only.
Personal Guaranty
The lease is personally guaranteed by Melinda Ikard, an established child care practitioner in North Carolina.
Needs-Based Child Care Use
Daycare is a service that can't move online. The site has fenced play yards, and about 1,765 children under age 5 live within five miles.
Growing Charlotte Region
Lincoln County reached about 98,700 residents in 2025. The Charlotte region passed 3 million and ranked 5th nationally for growth in 2024-25.
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 5,024 Square Feet |
10 Years | $117,600 |
OVERVIEW
Peranich Huffman Net Lease Group is pleased to offer a single-tenant Lily's Daycare at 310 Lithia Inn Road in Lincolnton, North Carolina, for $1,470,000, a 8.00% cap rate on $117,600 of annual base rent. The 5,024 SF day care building sits on 0.91 acres in Lincoln County, part of the Charlotte metro.
NET LEASE STRUCTURE
Tenant pays real estate taxes, building insurance, utilities and all operating, maintenance and repair costs. Landlord responsibility is limited to structural repairs and capital replacements, such as roof and HVAC replacement.
LEASE TERM
The lease commenced October 12, 2026 and runs through October 10, 2036. Rent increases 2% every year, and two 5-year renewal options extend the term to 2046 with the 2% annual increases continuing.
PERSONAL GUARANTY
The lease carries a personal guaranty from Melinda Ikard, an established child care practitioner in North Carolina, who operates the center as Lily's Daycare. The lease limits use to day care and requires the tenant to continuously occupy and operate the entire premises for the full term.