Retail restaurant investment property for sale

For Sale

Highlights
• Fully Leased Retail Investment
• Priced Below Replacement Cost
• 5 Year Lease with Two 5 Year Options
Click her for Property Brochure

Listing Details
Price $450,000
Cap Rate 8.00%
Sale Type Investment
Property Type Retail
Sub-type Restaurant
Building Class C
GLA 4,811 SF
Lot Size 0.13 AC
Year Built 1956
Parking Ratio 5 Spaces/1.05 Ratio

Description
Retail restaurant investment property for sale! Grab this 8 CAP property in booming Statesville downtown retail corridor (just one block from Mitchell Community College). Enjoy the benefits of a 5 year lease with renewal options and the stability and low property management that comes with owning commercial investment real estate. Property includes all fixtures kitchen with walk-in freezer and additional FF&E. This property is fully leased and being sold subject to the existing lease.

Contact:
Rob Cassam Jr
Broker-Owner (NC, SC)
rob@charlottencproperty.com
O:(704) 442-1774
M:(704) 533-3074

Price: $450,000
Address:240 W. Broad St.
City:Statesville
State:NC
Zip Code:28677
Property Type:Restaurant

Listing Inquiry