Listed by Lee & Associates Cincinnati, Lee & Associates - Cincinnati
$3,580,000
Absolute Net Leased Food Lion
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 34,546
Cap Rate 6.5%
NOI $232,650
Occupancy 100%
Tenancy Single
Brand/Tenant Food Lion
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 02/28/2031
Remaining Term 4.7
Rent Bumps Yes
Lease Options 2x5
Pro-Forma Cap Rate 6.79%
Pro-Forma NOI $243,225
Broker Co-Op Yes
Year Built 1985
Year Renovated 2006, 2021
Acreage 2.840
Investment Type Core+
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2006
Occupancy Date 03/01/2006
Ground Lease No
Ownership Fee Simple
5yrs Left | 2x5 Opts. | $3.58M
Marketing description
For All Inquiries & Offers Email [email protected] or Call (513) 387-0056
Investment highlights
- Absolute Net Lease Freestanding Food Lion in Waycross Georgia
- 34,546 Square Feet with a Current Lease Expiration of 2031 & 2x5 Renewal Options Left
- Tenant is Responsible for Direct Payment of CAM, Taxes, & Insurance, Roof, Structure, Etc.
- Corporately Guaranteed by Delhaize America, Inc. | $6.73/SF Rent & Reports Sales
- Delhaize Re-Acquired the Location in 2021 & Extensively Remodeled During Store Conversion
- Situated at a Signalized Intersection with Next Signalized Intersection 1.5-Miles Away
- 16,700 Vehicles Per Day along Plant Avenue | Wide Trade Area
- County Seat Location | Growing Household Incomes, Industry, Retail Demand
Listing Contacts
Listed by Lee & Associates Cincinnati, Lee & Associates - Cincinnati
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$232,650.00
$19,387.50/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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