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17029 Kenton Dr 1,344 SF 100% Leased Retail Building Cornelius, NC 28031 $1,110,000 ($825.89/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES | 10.0 YEARS REMAINING TERM
- ADJACENT NEW DEVELOPMENT
- DRIVE-THRU CONCEPT | 25 PARKING SPACES
- DUAL-BRAND CONCEPT | BRUSTER’S & NATHAN’S
- SITUATED IN 100-AC MIXED-USE DEVELOPMENT
- HIGH PERFORMING SITE
EXECUTIVE SUMMARY
Exclusively Listed By:
Carson Jeremiah | Associate Director | 469.949.7540 | cjeremiah@tradenetlease.com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com
Carson Jeremiah | Associate Director | 469.949.7540 | cjeremiah@tradenetlease.com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,344 SF
Building Class
B
Year Built
2001
Price
$1,110,000
Price Per SF
$825.89
Cap Rate
5.75%
NOI
$63,845
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
0.46 AC
Zoning
VC(CD) - Commercial/Commercial development
Parking
25 Spaces (18.6 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Wheelchair Accessible
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 005-061-33 | Improvements Assessment | $248,900 |
| Land Assessment | $283,600 | Total Assessment | $532,500 |
PROPERTY TAXES
Parcel Number
005-061-33
Land Assessment
$283,600
Improvements Assessment
$248,900
Total Assessment
$532,500
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17029 Kenton Dr
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