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Tropical Smoothie Cafe 1129 E Main St 1,893 SF Retail Building Lincolnton, NC 28092 $1,625,000 ($858.43/SF) 6.49% Cap Rate
EXECUTIVE SUMMARY
Hannay Realty Advisors, as owner/exclusive
agent, is pleased to offer for sale the fee simple
interest in 1129 E. Main Street in Lincolnton,
North Carolina (the “Property”), a single tenant
NNN retail property leased to Tropical Smoothie
Café in 1,893 SF situated on 0.89 acres (38,768
SF).
The Property sits along the main arterial in
Lincolnton, along Main Street due west from U.S.
Route 321. This Property is situated on one parcel
(01131) totaling +1,893 SF of leased area located to
next the single tenant restaurant building
occupied by Tropical Smoothie Café. The
Property is 100% leased to Om Shiva Aarti LLC,
(Tropical Smoothie Café) with 10.2 years
remaining lease term.
This offering represents an exceptional
investment opportunity to acquire a recently
constructed and renovated, modern retail
building amid a heavily trafficked retail arterial.
agent, is pleased to offer for sale the fee simple
interest in 1129 E. Main Street in Lincolnton,
North Carolina (the “Property”), a single tenant
NNN retail property leased to Tropical Smoothie
Café in 1,893 SF situated on 0.89 acres (38,768
SF).
The Property sits along the main arterial in
Lincolnton, along Main Street due west from U.S.
Route 321. This Property is situated on one parcel
(01131) totaling +1,893 SF of leased area located to
next the single tenant restaurant building
occupied by Tropical Smoothie Café. The
Property is 100% leased to Om Shiva Aarti LLC,
(Tropical Smoothie Café) with 10.2 years
remaining lease term.
This offering represents an exceptional
investment opportunity to acquire a recently
constructed and renovated, modern retail
building amid a heavily trafficked retail arterial.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,893 SF
Building Class
C
Year Built/Renovated
2019/2025
Price
$1,625,000
Price Per SF
$858.43
Cap Rate
6.49%
NOI
$105,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.89 AC
Zoning
G-B - General Business Zone
AMENITIES
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Tropical Smoothie Cafe
- Accommodation and Food Services
- 1,893 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Tropical Smoothie Cafe | Accommodation and Food Services | 1,893 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 01131 | Improvements Assessment | $607,913 |
| Land Assessment | $280,350 | Total Assessment | $888,263 |
PROPERTY TAXES
Parcel Number
01131
Land Assessment
$280,350
Improvements Assessment
$607,913
Total Assessment
$888,263
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Tropical Smoothie Cafe | 1129 E Main St
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