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961 Old US 601
Mount Airy, NC 27030
C-Store · Retail Property For Sale
Investment Highlights
- Attractive 20 Year Triple Net (NNN) Lease With 2% Annual Increases to Hedge Against Inflation
- Excellent Ingress/Egress With Multiple Points of Entry
- Tenant Making Improvement Into Site Showing Commitment to the Site
- Guarantor: 50+ Unit Operator With $100MM in Revenue, $20MM in Ebitdar and $75MM Personal Guarantee
- Property Immediately Qualifies For Accelerated Depreciation
- Over 54,000 Residents Within a 10-Mile Radius Making an Average Household Income of $60,732
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,740 SF
Year Built
1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.00 AC
Zoning
CB - Commercial Business
Parking
12 Spaces (6.9 Spaces per 1,000 SF Leased)
Frontage
302’ on Old U.S. 601
Property Taxes
| Parcel Number | 5918-04-94-5962 | Improvements Assessment | $203,230 |
| Land Assessment | $78,750 | Total Assessment | $281,980 |
Property Taxes
Parcel Number
5918-04-94-5962
Land Assessment
$78,750
Improvements Assessment
$203,230
Total Assessment
$281,980
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