This property has sold.
Details: Retail
Asking Price: $2,412,167
Square Feet: 510 SF
Asking Cap Rate: 6.00%
Year Built: 2023
NOI: $144,730
Lease Structure: Absolute NNN
•Absolute triple net lease (Zero Landlord Responsibilities)
•Brand New, 15-Year, Lease (2023 construction) with 5 (5-year) options to extend
•Annual rent escalations, providing Inflation Protection
•Lease guaranteed by 7Ventures, Inc. which is a subsidiary of KMAC (one of the Largest Restaurant Operators in the country with over 320+ units). There are more than 40 KMAC Seven Brew locations under development or open throughout the county, with an expectation to Grow To 200+ Locations.
•Excellent Trade Area adjacent to Burlington, Walmart, Ross, Dicks, Aldi and more
•Centrally Located to several neighborhoods and multifamily developments
•2022 Population
•1 Mile – 5,272
•3 Mile – 39,299
•At the entrance to Shops at Perry Crossing, a regional lifestyle center with almost 1,000,000sf of retail space
•E Main St has strong traffic counts with over 29,000 VPD
This property has sold.