2173 Old Mountain Rd - Retail FOR SALE


Statesville, NC 28625
$2,478,321 USD
704-400-8494
2173 Old Mountain Rd, Statesville, NC for Sale
$2,478,321 USD
Retail - FOR SALE
1/1
null | 7.15% Cap Rate

2173 Old Mountain Rd
Statesville, NC 28625


OVERVIEW

Brand new 10 year lease with 5 (5 year) renewal options. Flat rent during initial term and variable rent increases at the beginning of each option period. Located on corner lot of a Food Lion Grocery Center which has been there for 18 years and recently renovated and continues to exceed their sales projections. Positioned along the two major corridors for the area. West Iredell High School with 795 students and West Iredell Middle School with 546 students are located less than 1 mile from the site.

FOR SALE DETAILS

PRICE

$2,478,321 USD

PRICE/SF

$248 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DOLLAR TREE

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

GB

APN/PARCEL ID

4704-56-2240.000

ASK ABOUT THIS PROPERTY

William SpurrierPiedmont Companies, Inc.More Info
704-400-8494

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

William SpurrierPiedmont Companies, Inc.More Info
704-400-8494

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