617 NC-24
Albemarle, NC
Price:
$2,571,429
Cap Rate:
5.25%
NOI:
$135,000
Building Size:
Approx. 2,500 Sq. Ft.
Lot Size:
Approx. 0.92 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2023
Investment Overview
- 2023 Construction. 2,500+/- SF Building on 0.92+/- Acre Site
- Brand New 10 Year Net Lease w/ 10% Rental Increases in Both Primary Term and Options
- Strong Highway Location Directly off of NC-24 (24K VPD) w/ a Designated Turn Lane
- Shadow Anchored by Wal-Mart in Dense Retail Corridor Near Chick-fil-A, Cook Out, and More
- Less Than 2 Miles from the Brand New Albemarle Business Center, a 287 Acre Industrial & Warehouse Park
- Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World
- Albemarle | Just Outside Charlotte, NC | Population: 16,500+
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