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29390539
29390538

832 S Chester St, Gastonia, NC 28052

PN
NC No. 281618, FL BK3120739
SRS Real Estate Partners Tampa
JS
FL SL3602815, NY 10401372142
SRS Real Estate Partners Tampa
WW
FL SL3257920
SRS Real Estate Partners Tampa
MB
GA 385824
SRS Real Estate Partners Atlanta
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners Atlanta
$1,676,000
660 days on market
Updated 25 days ago

Pizza Hut - Gastonia, NC

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,357
Cap Rate 7%
NOI $117,349
Occupancy 100%
Tenancy Single
Brand/Tenant Pizza Hut, Dominos Pizza
Lease Type Absolute NNN
Remaining Term 8.4
Rent Bumps Yes
Price per SqFt $703
Broker Co-Op Yes
Year Built 2001
Buildings 1
Stories 1
Acreage 0.820
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Sale Condition 1031 exchange

Strong Corridor w Big Box Natl. Credit Presence | Directly Off Hwy 321 | Charlotte MSA

Marketing description

832 S Chester Street, Gastonia, NC 28052 - Pizza Hut

Introducing a prime investment opportunity with this Single Tenant Absolute NNN property located in Gastonia, North Carolina. Boasting a corporate guarantee from Yum! Brands Inc, this property offers over 7 years remaining on the lease with annual rental increases, providing a secure and lucrative investment. Positioned just south of Interstate 85, with a significant daily traffic count of 129,000 vehicles, this location ensures high visibility and accessibility. With zero landlord responsibilities and fee simple ownership, this property offers a hassle-free and management-free investment experience for passive investors. The property features a 2,357 SF rentable area on 0.82 AC of land, presenting a solid long-term commitment from the tenant with potential for future extensions. Don't miss out on this exceptional opportunity to acquire a quality asset with a reputable national tenant and a strong lease structure.

Investment highlights

  • Strong Corridor w Big Box Natl. Credit Presence

  • Directly Off Hwy 321

  • Charlotte MSA

  • Near Signalized Hard Corner Intersection

Listing Contacts

PN
NC No. 281618, FL BK3120739
SRS Real Estate Partners Tampa
JS
FL SL3602815, NY 10401372142
SRS Real Estate Partners Tampa
WW
FL SL3257920
SRS Real Estate Partners Tampa
MB
GA 385824
SRS Real Estate Partners Atlanta
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners Atlanta

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,349.00
$9,779.08/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Patrick Nutt
License
NC License No. 281618
Brokerage
SRS Real Estate Partners-SoFlo LLC
Title
Broker of Record
Name
Patrick Nutt
License
No. 281618
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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