This Retail Property is no longer advertised on LoopNet.com.

1510 E Broad St
Statesville, NC 28625
Burger King · Retail Property For Sale

Investment Highlights

  • YEAR 5 CAP RATE BASED ON CURRENT SALES GROWTH RATE: 8.5%
  • NEW 15-YEAR LEASE SIGNED AUGUST 2022 BY 1000+ STORE FRANCHISEE
  • 7% PERCENTAGE RENT FACTOR AND FIXED ESCALATIONS.
  • YEAR 1 CAP RATE ON PROJECTED NOI: 6.0%
  • TENANT IN PERCENTAGE RENT SINCE 2009
  • I-77 INTERCHANGE

Property Facts

Property Type
Retail
Building Size
2,840 SF
Building Class
C
Year Built
1982
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Zoning
B4
Parking
70 Spaces (24.65 Spaces per 1,000 SF Leased)
Frontage
140’ on E Broad St

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
4744-87-5777.000
Land Assessment
$617,040
Improvements Assessment
$747,870
Total Assessment
$1,364,910
  • Listing ID: 28251366

  • Date on Market: 4/17/2023

  • Last Updated:

  • Address: 1510 E Broad St, Statesville, NC 28625

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