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Browse More Listings in Retail For Sale, Hendersonville, NC or North Carolina

Retail Property For Sale

Exceptional Location with Long Term Lease

511 N. Main Street, Hendersonville, NC 28792

Price:
$599,900
Building Size:
7,000 SF
Price/SF:
$85.70
Property Type:
Retail
Property Sub-type:
Street Retail
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
3%
Cap Rate:
8.25%
Occupancy:
100%
Tenancy:
Single
Find Out More...

Last Verified 10/20/2009 Listing ID 16267432

Highlights

Main Street Downtown Hendersonville, NC
14 Yr. Lease including all Renewal Options
Caps out at 7% based on Current Lease

Solid Tenants, Established Business
Built-in Rent Escalations in Existing Lease
Call (828) 489-1940 for Further Details

Description

Call (828) 489-1940. Exceptional location on the "Anchor Block" in downtown Hendersonville, NC. Long term lease is in place. 3,500 sq. ft. + 3,500 sq. ft. dry basement for total of 7,000 ft. of prime retail space. 14 foot ceilings and hardwood floors on main level, fully renovated space, unfinished basement. Heavy traffic, strongest retail block in the entire county. Stable, long term lease in place with very solid exisiting tenants. Brand new everything including new bathroom, electrical, HVAC, plumbing, etc. Exceptional condition and tenants. Caps out slightly over 7.75% gross, taxes, insurance, & maintenance not included in gross but are very, very low. Rent increases are built into existing lease. Tenant has a 15-day 1st right, that will probably not be exercised at this time. If you want this property, do not wait. This is an exceptional long term investment in a great location for a serious commercial real estate purchaser.

North Main Street in Downtown Hendersonville, North Carolina right near Mast General Store, same side of the Street. Best location in Henderson County. Brand new listing, priced to sell quickly, great lease with strong tenants.

Financial Summary

Actual
Net Operating Income
$52,430

Map of 511 N. Main Street, Hendersonville, NC 28792 (Henderson County)

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Created 6/7/2009

Additional Information for 511 N Main Street, Hendersonville, NC 28792

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
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.

Comparable Properties for 511 N. Main Street, Hendersonville, NC 28792

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5,600 - 24,000 SF

Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Exceptional Location with Long Term Lease

511 N. Main Street, Hendersonville, NC, 28792