1334 East Dixie Drive

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1334 East Dixie Drive

Asheboro, NC 27203
Asking Price
$5.40M
Cap Rate
5.75%
Asset Type
Bank Retail
Class
Class B

What's Special

5.75% CAP | NEW 15 YEAR CHASE BANK LEASE - Below Mkt Rents <p><strong>BELOW-MARKET IN-PLACE RENTS | RENEWAL PROBABILITY & UPSIDE</strong></p><ul><li>​AT&T and Mattress Warehouse are both operating below current market rental rates, creating a compelling incentive for long-term tenancy while providing investors with meaningful mark-to-market upside upon future lease rollover.</li></ul><p><strong>NEW 15-YEAR CHASE LEASE | INVESTMENT-GRADE CREDIT ANCHOR</strong></p><ul><li>​Chase The property is anchored by a newly executed 15-year lease with Chase Bank, p

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NOI
$80,000
Cap Rate
1.48%
DSCR
0.25
Underwater
Cash-on-Cash
-14.85%
Monthly Payment
$26,731.096
Annual Cash Flow
$-240,773.152

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