Hwy 70 East Havelock NC - Fully Leased Restaurant For Sale
Price Improvement on Former Wendy's restaurant location on Hwy 70 East Havelock, NC.
Marketing description
413 West Main Street presents a stabilized, income-producing investment featuring a 2,694 SF freestanding restaurant asset with a new tenant in place on a 5-year lease with renewal options.
Investment highlights
- INCOME PRODUCING INVESTMENT FEATURING A 2,694 SF FREESTANDING RESTAURANT.
-NEW 5-YEAR LEASE WITH RENEWAL OPTIONS PROVIDING CASH FLOW AND LONG-TERM STABILITY.
- 3% ANNUAL RENT ESCALATIONS DELIVERING PREDICTABLE NOI GROWTH.
-PROPERTY RENOVATED IN 2022 WITH NEW ROOF AND UPDATED KITCHEN.
- 2694 SF RESTAURANT WITH OPEN FLOOR PLAN.
- INCLUDES DRIVE UP WINDOW.
- 43 PARKING SPACES.
- SHORT WALK TO HOTELS, HAVELOCK TOURIST AND EVENT CENTER CONNECTED BY LIT SIDEWALK.
--MORE THAN 53,000 PEOPLE IN THE CHERRY POINT RELATED POPULATION.
-27,000 AADT ( NCDOT 2020 ).
- MCAS CHERRY POINT HAS BEEN IDENTIFIED BY DOD AS A CRITICAL INSTALLATION AND GROWING.
- CONSTRUCTION UNDERWAY TO HOUSE 6 FULL SQUADRONS OF F 35 JETS.
- MAJOR DOD CONTRACTORS MAINTAIN PHYSICAL PRESENCE INCLUDING BOEING, LOCKHEED MARTIN, RATHEON AND SIKORSKY.
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