890 US-401 - Retail FOR SALE


Laurinburg, NC 28352
$1,725,000 USD
843-364-3796
890 US-401, Laurinburg, NC for Sale
$1,725,000 USD
Retail - FOR SALE
1/2
null | 5.7% Cap Rate

890 US-401
Laurinburg, NC 28352


OVERVIEW

NAI Charleston is proud to present a premier freestanding retail investment opportunity located at 890 US Hwy 401 Bypass in Laurinburg, North Carolina. The offering consists of a ±2,200-square-foot Firehouse Subs restaurant with a drive-thru, situated on a ±0.53-acre outparcel to the Lowe’s Home Improvement center along the highly trafficked Highway 401 corridor. This offering represents a compelling sale-leaseback opportunity with the largest franchisee in the Firehouse Subs system. At closing, the tenant will execute a brand-new 10-year lease, delivering immediate and predictable cash flow backed by an experienced, scaled multi-unit operator. The lease structure includes scheduled rental increases, providing investors with built-in income growth and long-term value enhancement.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$728 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

890 US-401 - Firehouse Subs

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.7 AC

LAND SF

509,738 SF

ZONING

GB

APN/PARCEL ID

01-0016-01-001-A,010016 0100102

ASK ABOUT THIS PROPERTY

Will SherrodNAI CharlestonMore Info
843-364-3796

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Will SherrodNAI CharlestonMore Info
843-364-3796

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