731 E Washington St | Nashville, NC 27856
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- LoopNet Team
731 E Washington St
Nashville, NC 27856
Nashville Shopping Center - Nashville, NC · Retail Property For Sale
Investment Highlights
- Piggly Wiggly Desires to Extend to a Long-Term Lease in 2028; This is the Number 6 Ranked Store Out of 51 in North Carolina According to PlacerAI.
- Potential Upside By Bringing Rents to Market and Converting Leases to Triple Net; Only Two of the 9 Tenants Are Currently Responsible For TICAM.
- Unique Opportunity to Purchase Grocery Anchored Shopping Center in North Carolina For a Low Rate of $79 PSF on the Building and $18 PSF on the Land.
- Opportunity to convert three month to month leases to market to market, leading to a year 1 cap rate of 7.9%
- Nashville Has Continued YoY Population Growth as it Benefits From the Migration Happening to the Suburbs of Raleigh.
Property Facts
Property Type
Retail
Property Subtype
Building Size
49,189 SF
Building Class
B
Year Built
1979
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.22
Lot Size
5.13 AC
Zoning
B1 - General Business District
Parking
183 Spaces (3.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 3800-08-99-1765 | Improvements Assessment | $2,124,700 |
| Land Assessment | $523,130 | Total Assessment | $2,647,830 |
Property Taxes
Parcel Number
3800-08-99-1765
Land Assessment
$523,130
Improvements Assessment
$2,124,700
Total Assessment
$2,647,830
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