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Take 5 4507 Main St 1,425 SF Retail Building Shallotte, NC 28470 $2,064,480 ($1,448.76/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 2024 build-to-suit construction
- Rent commencement date shall be the close of escrow
- The subject property qualifies for bonus depreciation (discuss with your tax professional)
- 15-year absolute NNN lease with zero landlord responsibilities
- 10% rent increases every 5 years beginning in year 6 and continuing through the base term and all option periods
- Full term guarantee from an established franchisee (±45 location by year end)
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,425 SF
Building Class
C
Year Built
2024
Price
$2,064,480
Price Per SF
$1,448.76
Cap Rate
6.25%
NOI
$129,030
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.47 AC
Zoning
HB - Highway Business
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18200139 | Improvements Assessment | $183,770 |
| Land Assessment | $260,000 | Total Assessment | $443,770 |
PROPERTY TAXES
Parcel Number
18200139
Land Assessment
$260,000
Improvements Assessment
$183,770
Total Assessment
$443,770
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Take 5 | 4507 Main St
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