Retail Property For Sale - Ryan's Grill Buffet Gastonia NC 11% CAP

2900 E. Frankin Blvd., Gastonia, NC, 28056

 

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Ryan's Grill Buffet Gastonia NC 11% CAP

2900 E. Frankin Blvd., Gastonia, NC 28056

Ryan\'s Grill Buffet  Gastonia  NC 11% CAP
  • $1,712,727
  • 10,164 SF
  • $168.51
  • Retail
  • Restaurant
  • Net Lease Investment with 10+ years left on lease
  • 2%
  • 11%
  • 100%
  • 1
  • Single
  • 74,525 SF
  • 3565-56-1377
  • Find Out More...
Last Verified  10/29/2009 Listing ID  16265135

Highlights

  • 11% CAP Rate
  • Buffets, Inc. Corporate Guarantee
  • 12% IRR over a 3 year hold period
  • 99,088 5 Mile population with HH income of $53,942
  • 2nd Largest City in Charlotte MSA

Description

Colliers International is pleased to exclusively offer for sale a freestanding single tenant NNN Ryan' s restaurant. This Ryan' s restaurant is situated adjacent to the 1 million square foot Franklin Square Shopping center. The property consists of a 10,164 building situated on 1.7 acre parcel.

With a population of over 70,000, Gastonia is the second largest city in the Charlotte MSA. Gastonia population has increased by 17% in the past decade and is the county seat of Gaston County. Gastonia approximately 25 miles to the west of Charlotte's Central Business District and only ten minutes west of the Charlotte-Douglas International Airport. Franklin Square, which opened in 1989, has grown into three shopping centers and offers a large array of national retailers including Home Depot, Wal-Mart, Office Max, Michael' s Crafts, Best Buy, Ross Dress for Less, Lane Bryant, Cato's, & Anna's Linens, Lowe' s, K-Mart, & Sam's Club, PetSmart, Pier 1, Old Navy, Kohl's, Books-A-Million, Sports Authority, & Shoe Carnival and HH Gregg. Nearby restaurants include Logan's, Peking Garden, Chili's, Ci Ci's Pizza, Applebee's, RJ Gators, Sakura Japanese Restaurant, Hooters, and Moe's Southwest Grill

Financial Summary

Major Tenant Information

Debt & Equity Information

  • Actual
  • $188,464

Map of 2900 E. Frankin Blvd., Gastonia, NC 28056 (Gaston County)

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Presented by

Colliers International

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Contact Listing Broker
Maurice Nieman (949) 724-5536
Ian Schroeder (949) 724-5590
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Created 6/4/2009

Additional Information for 2900 E Franklin Boulevard, Gastonia, NC 28056

  • Active For Sale - 1 Listing
  • Active For Lease - 1 Listing
  • Previously Listed - 0 Historic Listing
  • Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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