Akarion Realty
Listed by Akarion Realty
$4,000,000
Gate Plaza
Details
Property Type Mixed Use, Retail
Sub Type Pharmacy/Drug, Restaurant
Square Footage 26,100
Net Rentable (SqFt) 26,100
Units 9
Cap Rate 8%
NOI $320,000
Occupancy 100%
Broker Co-Op Yes
Year Built 2004, 2006 & 2009
Buildings 3
Stories 1
Acreage 3.500
Parking Spaces spaces
Ownership Gate Plaza LLC
Mixed Use | 8.00% CAP | 26,100 SqFt
Marketing description
Gate Plaza is a retail shopping center consisting of three separate buildings located adjacent to the Foodlion grocery store. This area is also adjacent to the Lake Monticello subdivision which has over 4000 houses. The three buildings currently have nine separate businesses. The Pharmacy occupies the largest space of 9100 ft.². The Pharmacy has been a Tenant since 2009. One of the buildings is a freestanding restaurant which has had the same Tenant for the last 10 years. One of the centers tenants has been in business for over 20 years in the same location.
Listing Contacts
Akarion Realty
Listed by Akarion Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$320,000.00
$26,666.67/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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