1200 Eastern Ave - Fast Food FOR SALE


Nashville, NC 27856
$1,990,826 USD
615-429-0661
1200 Eastern Ave, Nashville, NC for Sale
$1,990,826 USD
Fast Food - FOR SALE
1/1
null | 6.25% Cap Rate

1200 Eastern Ave
Nashville, NC 27856


HIGHLIGHTS

  • Located on a signalized hard corner along the main retail corridor.
  • Across the street from a Walmart Supercenter and Food Lion anchored shopping center.
  • Directly off Highway 64 with over 31,100 vpd.

OVERVIEW

Centennial Retail Services is pleased to present the exclusive offering of a Wendy’s outparcel in Nashville, North Carolina, featuring a long-term absolute NNN lease providing stable and passive income. The property is offered at $1,990,826, representing a 6.25% cap rate with annual rent of approximately $124,426, flat for the remainder of the term. Strategically located on a signalized hard corner along the main retail corridor, the site offers excellent visibility and access directly off Highway 64, with traffic counts exceeding 31,000 vehicles per day. The asset benefits from strong retail synergy, positioned across from a Walmart Supercenter and a Food Lion-anchored shopping center, and surrounded by a mix of national and regional retailers. Additionally, the property is located just minutes from Nash Central High School, further supporting consistent consumer traffic in the area. This offering presents a compelling opportunity to acquire a well-located, income-producing asset backed by an experienced operator in a growing retail corridor.

FOR SALE DETAILS

PRICE

$1,990,826 USD

PRICE/SF

$452 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

B-1

APN/PARCEL ID

3811-18-50-0201

ASK ABOUT THIS PROPERTY

Barry HardwickCentennial Retail ServicesMore Info
615-429-0661

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Barry HardwickCentennial Retail ServicesMore Info
615-429-0661

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