About This Restaurant
Investment Highlights
- Income producing property - Popular local Pizza Shop with excellent rental history - Annual Income of $28,800
Executive Summary
- Income producing property - True NNN lease - Annual Income of $28,800 - Rent increases by $1,200 per year at each renewal - 2.5 years left on initial term w/5-year renewal - Popular local Pizza Shop with excellent rental history
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant
- Building Size 4,123
- Building Class C
- Year Built 1955
- Price 395,000
- Price Per SF 96
- Cap Rate 8
- NOI 31,600
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 1.53 AC
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 131058 | Improvements Assessment | $50,960 |
| Land Assessment | $163,700 | Total Assessment | $214,660 |
| Date Created: | 2024-07-16 04:16:23 | Last Updated: | 2024-07-16 04:16:23 |
| Address: | 800 S Mountain St , Cherryville, North Carolina, 28021 | ||