Listed by Networks Commercial Real Estate
$3,500,000
NNN Sports Bar & Restaurant
Details
Property Type Retail
Sub Type Restaurant
Square Footage 9,396
Cap Rate 5.65%
NOI $197,837
Occupancy 100%
Tenancy Single
Lease Expiration 12/31/2031
Price per SqFt $373
Year Built 2004
Acreage 1.610
Investment Type Net Lease
Lease Commencement 01/01/2022
Retail | 5.65% CAP | 9,396 SqFt
Marketing description
This single-tenant building is currently occupied by 123 DZO SPORTS BAR continuing the use of the building since it was built originally for Bailey's Sports Bar and later operated as the Fox & Hound Sports Bar. The abundant parking and amazing food and bar service areas have consistently delivered customer satisfaction in every detail. Patio bar and dining expand the usable square footage beyond the fully air-conditioned structure. Cable TV feeds supply a full array of sports and event coverage for the customers.
Investment highlights
- Nestled between the Publix anchored shopping center, Outback Steakhouse and the Great Big Greenhouse, exposure to traffic is never an issue
- Other site users who generate traffic include Sheetz, Starbucks, Brusters and Flagstop Car Wash
- Within a radius of 2 miles are Costco, Lowes, Home Depot, Chesterfield Towne Center, Johnston-Willis Hospital, Double Tree Hotel and most all of the fast food purveyors normally found in metro areas of America
Listing Contacts
Listed by Networks Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,836.68
$16,486.39/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
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