Listed by CityPlat LLC
$3,085,714
275 N Equity
Details
Property Type Retail
Sub Type Storefront, Restaurant
Square Footage 6,690
Units 1
Cap Rate 7.00%
NOI $216,000
Tenancy Single
Brand/Tenant Saint Marcos Mexican Restaurant
Lease Term 7
Investment Type Sale/Leaseback
Sale Condition Sale for leaseback
Retail | 7.00% CAP | 6,690 SqFt
Marketing description
Prime opportunity for Retail and Restaurant investors: a 6,690 SF building with a single, well-appointed unit in the vibrant Smithfield area. This versatile property offers expansive space ideal for retail or dining, with a reliable tenant under a 7-year lease ensuring stable income. Its strategic, high-visibility location guarantees strong market presence, while the efficient layout and ample square footage provide the perfect foundation for an inviting customer environment. Whether expanding your portfolio or making a new investment, this property offers long term potential in Smithfield's dynamic business landscape.
Investment highlights
- Ideal for retail or restaurant use
- High visibility and accessibility
- Strategic location in vibrant Smithfield area
- Anchored by Saint Marcos Mexican Restaurant — fresh 7-year lease to be signed at closing
Listing Contacts
Listed by CityPlat LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,000.00
$18,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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