120 Gallery Center Dr - Restaurant FOR SALE


Mooresville, NC 28117
$3,200,000 USD
704-577-1835
120 Gallery Center Dr, Mooresville, NC for Sale
$3,200,000 USD
Restaurant - FOR SALE
1/2
null | 9.22% Cap Rate

120 Gallery Center Dr
Mooresville, NC 28117


HIGHLIGHTS

  • Located off exit 36 (Highway 150, one of Charlotte's busiest roadways.
  • Great investment/redevelopment opportunity.
  • Ease of access and connectivity to retail amenities.
  • Surrounded by mix of retailers: Target, Sam's Club. Lowe's, Walmart, Best Buy.
  • Over 10 hotels within 1/2 mile radius.

OVERVIEW

2.54 acres with existing 7,956 SF Golden Corral Restaurant Restaurant built in 2014 Located off exit 36 (Highway 150) in Mooresville NC In-place annual income of $319,847 with 4 years of remaining term Tenant will vacate at end of the lease: 11/30/29 Outstanding opportunity with immediate cash flow (10% cap) for investor. Or developer or owner/user that can access the site when tenant vacates. Zoned CC (Community Commercial) allowing variety of commercial uses including retail or hotel

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$402 USD /SF

CAP RATE

9.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

CC

APN/PARCEL ID

4647-67-7286.000

ASK ABOUT THIS PROPERTY

Brad Grow6 Summit Partners LLCMore Info
704-577-1835

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Brad Grow6 Summit Partners LLCMore Info
704-577-1835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.