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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
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 4744-87-5777.000 | Improvements Assessment | $747,870 |
| Land Assessment | $617,040 | Total Assessment | $1,364,910 |
Property Taxes
Parcel Number
4744-87-5777.000
Land Assessment
$617,040
Improvements Assessment
$747,870
Total Assessment
$1,364,910
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