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Starbucks Attleborough Bypass 3,050 SF 4-Star Retail Building Besthorpe NR17 2PU $1,762,515 ($577.87/SF) 5.76% Cap Rate
Investment Highlights
- Sits next to busy Attleborough bypass
- Prime position
- Located adjacent to the busy Attleborough Bypass with north and southbound access available to the site
Executive Summary
£1,320,000 for the Drive Thru reflecting a NIY of 5.76% (assuming standard purchasers costs of 6%) with a reversion to 7.15% after the 2027 review assuming an ERV of £100,000 pa. The sale also has a 2.85 acre land priced at £250,00.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
3,050 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2017
Price
$1,762,515
Price Per SF
$577.87
Cap Rate
5.76%
NOI
$101,521
Tenancy
Single
Building Height
2 Stories
Building FAR
0.02
Lot Size
2.85 AC
Parking
29 Spaces (9.51 Spaces per 1,000 SF Leased)
Frontage
50’ on Attleborough Bypass
Amenities
- 24 Hour Access
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Starbucks | Attleborough Bypass
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