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1510 E Broad St
Statesville, NC 28625

$2,100,000 USD

General Retail For Sale  •  2,840 SF

Property Details

  • Property Type General Retail
  • Total Building Size 2,840 SF
  • Lot Size 0.9 AC
  • Building Class C
  • Year Built 1982
  • Cap Rate 8.19 %
  • Tenancy Single
  • Zoning B4
0 Transit Score
52 Walk Score

Highlights

YEAR 5 CAP RATE BASED ON CURRENT SALES GROWTH RATE: 8.5%
YEAR 1 CAP RATE ON PROJECTED NOI: 6.0%
NEW 15-YEAR LEASE SIGNED AUGUST 2022 BY 1000+ STORE FRANCHISEE
TENANT IN PERCENTAGE RENT SINCE 2009
7% PERCENTAGE RENT FACTOR AND FIXED ESCALATIONS.
I-77 INTERCHANGE

Property Flyers

Cap Rate: 8.19 %

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Concord-Padgett Regional 50 min - 39.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Brian Grabowski 919-227-5698 TradeMark Properties
Brian Grabowski 919-227-5698 TradeMark Properties