731 NC Highway 24 27 Byp E | Albemarle, NC 28001
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731 NC Highway 24 27 Byp E
Albemarle, NC 28001
Sonic Drive-In · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease - Absolutely no Landlord Responsibilities.
- Annual Rental Increases - The Lease calls for 1.75% annual rental increases throughout the 20-year term.
- Growing Population - The immediate 5-mile area supports a population of 25,077 growing at 1.3% annually.
- Newly Extended Long-Term Lease - The tenant recently extended its lease to a new 20-year term.
- Healthy Rent-to-Sales - The Tenant benefits from a healthy rent-to-sales.
- Highway Frontage - The Property has excellent visibility on Hwy 24 with 24,024 vehicles per day.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,708 SF
Building Class
B
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.26 AC
Zoning
GHBD
PROPERTY TAXES
| Parcel Number | 6558-03-02-6662 | Improvements Assessment | $223,848 |
| Land Assessment | $353,165 | Total Assessment | $577,013 |
PROPERTY TAXES
Parcel Number
6558-03-02-6662
Land Assessment
$353,165
Improvements Assessment
$223,848
Total Assessment
$577,013
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