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840 NC-24
Albemarle, NC 28001
Asking Price
$3.96M
Cap Rate
8.5%
Asset Type
Pharmacy/Drug Retail
Class
Class B
What's Special
Retail | 8.50% CAP | 14,562 SqFt <ul><li>7+ Years Remaining | Options to Extend | Established Brand</li><li>Absolute NNN | Fee Simple Ownership | No Landlord Responsibilities</li><li>Signalized, Hard Corner Intersection | Dense Retail Corridor | Outparcel to Albemarle Crossing | Excellent Visibility & Access</li><li>Strong Demographics in 5-Mile Trade Area</li></ul>
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NOI
$80,000
Cap Rate
2.02%
DSCR
0.34
Underwater
Cash-on-Cash
-13.06%
Monthly Payment
$19,616.657
Annual Cash Flow
$-155,399.879
