Listed by Linville Team Partners
$1,150,000
810 West Main Street
Details
Property Type Retail
Sub Type Auto Shop, Convenience Store
Square Footage 12,080
Cap Rate 7.77%
NOI $89,381
Occupancy 100%
Price per SqFt $95
Year Built 1959
Buildings 1
Stories 1
Acreage 0.700
Zoning C-Commercial
Investment Type Stabilized
Retail | Auto Shop | 7.25% CAP | ±12,080 SqFt
Marketing description
Fully stabilized retail strip/flex site ideal for an investor or owner user – conveniently located under 10 minutes from downtown High Point and under 20 minutes from downtown Greensboro and Winston-Salem with easy access to major thoroughfares. Seller completely remodeled 810 office suite and intends to leaseback for his restoration business but is open to vacating for a Buyer that wishes to occupy. The remaining tenant list features a tobacco store and automotive repair shop with average remaining lease terms ±4 years.
Investment highlights
±12,080 SF Total with ±4,605 SF Flex/Warehouse & ±7,475 SF Retail Strip
0.7 AC with fenced outdoor storage potential
Completely remodeled office suite and recently renovated warehouse space
New HVAC unit
2 drive-ins
Listing Contacts
Listed by Linville Team Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,381.00
$7,448.42/mo
Valuation Metrics
0
DSCR
7.77%
Cap Rate
7.77%
ROI
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