Listed by Pink Ribbon Properties - Powered by EXP Realty
$1,300,000
507 S Bickett Blvd, Louisburg, NC 27549 / Retail
Details
Property Type Retail
Sub Type Restaurant
Square Footage 1,420
Net Rentable (SqFt) 1,420
Units 1
Cap Rate 5.54%
NOI $72,000
Lease Type NNN
Lease Term 5.1
Lease Expiration 02/28/2031
Remaining Term 4.7
Lease Options 2 x 5 year
Pro-Forma Cap Rate 5.54%
Pro-Forma NOI $72,000
Price per SqFt $915
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 1.140
Zoning B2
Investment Type Net Lease
Lease Commencement 01/15/2026
Occupancy Date 01/01/2026
Retail | 5.54% CAP | 1,420 SqFt
Marketing description
Amazing investment opportunity in the growing town of Louisburg. Only two years old building with a drive-thru. Land to expand with another building when needed.
Investment highlights
Great location surrounded by good demographics.
Listing Contacts
Listed by Pink Ribbon Properties - Powered by EXP Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,000.00
$6,000.00/mo
Valuation Metrics
0
DSCR
5.54%
Cap Rate
5.54%
ROI
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