Captain D’s

  • $1,300,000

Overview

  • Captain D’s
    Tenant(s)
  • $1,300,000
    Price
  • 5.20%
    CAP Rate
  • $67,587
    Net Operating Income (NOI)
  • 2 Years
    Lease Term
  • 1.5% Annually
    Increases
  • 12/12/2016
    Rent Commencement
  • Abs. NNN
    Lease Type
  • 5/31/2027
    Lease Expiration
  • 1 X 5 Yr
    Options
  • 2,705
    Building Size (SF)
  • 1980
    Year Built
  • 0.59
    Land Size (AC)
  • Corporate
    Guaranty
  • None
    Landlord Responsibilities

Description

STONECLIFF is pleased to present the exclusive listing for a Captain D’s located at 707 E Innes St, Salisbury, NC 28144. The site consists of roughly 2,705 rentable square feet of retail space on an estimated 0.59-acre parcel of land. This 7-Eleven is subject to a 2-year Absolute Triple Net (NNN) Lease. The annual rent is $67,587 with scheduled increases based upon 4% of Gross Receipts Beyond Break Points.

    • Privately Held Corporation | Experience & Established Brand | Strong Financials • Centre Partners- $2.5 Billion in investment experience • Operates 530+ locations in 23 states • Corporate-backed lease with 2024 annual revenue of $534 million (USD)
    • Absolute NNN Lease | Attractive Rent Growth | Easy Connectivity • Zero landlord responsibilities: Well Below Market Rents • Scheduled 1.5% Increases Annually • Close proximity to I-85 (81,500 vehicles per day.

Property Documents

Captain-D_NC_Salisbury-OM

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