Listed by Carlos Parks
$659,000
Lounge on Main
Details
Property Type Retail
Sub Type Convenience Store, Restaurant
Square Footage 3,255
Cap Rate 0.53%
NOI $3,500
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 0.53%
Pro-Forma NOI $3,500
Price per SqFt $202
Acreage 0.590
Parking Spaces spaces
Investment Type Value Add
Ground Lease No
100% leased income property for sale!
Investment highlights
This property is priced to sale! Over one million dollars of property, located in downtown area of High Point With a respectable cap rate, become the owner of an investment property today! Tenants are operating a successful cigar lounge and would love to remain. Very likely to renew after the lease is up.
Listing Contacts
Listed by Carlos Parks
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,500.00
$291.67/mo
Valuation Metrics
0
DSCR
0.53%
Cap Rate
0.53%
ROI
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