Stand Alone Retail Corner - Fully Leased - Opportunity Zone

Retail-Commercial for Sale
Catylist Listing ID: 30542208
Property Subtypes: Restaurant
Building Size (RSF): 1,600 SF
Sale Price: $350,000
Unit Price: $218.75 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 1,600 SF
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 2/13/2020

Overview / Comments

Leased restaurant investment in a great location. 5 years remaining on initial lease until 2024. The building has been upgraded and is in great condition.

In an opportunity zone!

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $1,937 (Annual)
Potential Rental Income $24,000 (Annual)
Net Operating Income $20,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Leland, NC
Tax ID/APN: 038AA008
Zoning: T-4O GENERAL URBAN OPEN
Property Visibility: Excellent
Largest Nearby Street: Village road
Site Description: Corner location at the intersection of Village Rd and S Navassa Rd.
Area Description: Leland NC is the largest town in Brunswick County which is in the top 5 fastest growing counties in the country. The 10 Fastest-Growing Counties in the U.S. Williams County, North Dakota. Comal County, Texas. Kaufman County, Texas. Brunswick County, North Carolina. Walton County, Florida. Midland County, Texas. Osceola County, Florida. St. Johns County, Florida.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,600 SF
Property Condition: Good
Year Built: 1969
Year Renovated: 2019
Parking Type: Surface
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,838 13,454 56,474
Median Age: 34.93 39.68 39
Households: 780 5,592 24,585

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