187 Watauga Village Drive

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187 Watauga Village Drive

Boone, NC 28607
Asking Price
$3.43M
Cap Rate
4.95%
Asset Type
Restaurant Retail
Class
Class B

What's Special

New 2026 Construction | Absolute Net Ground Lease | Located in Dense Retail Corridor <p><span style="color: rgba(6, 34, 57, 1)">• New 2026 construction</span></p><p><span style="color: rgba(6, 34, 57, 1)">• Absolute net ground lease | Zero landlord responsibilities</span></p><p><span style="color: rgba(6, 34, 57, 1)">• Desirable lease term | New 10-year term</span></p><p><span style="color: rgba(6, 34, 57, 1)">• Corporate Lease | Rare Hospitality International, Inc. | 629 locations</span></p><p><span style="color: rgba(6, 34, 57, 1)">• Located in the center of Boone’s retail cor

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NOI
$80,000
Cap Rate
2.33%
DSCR
0.39
Underwater
Cash-on-Cash
-12.02%
Monthly Payment
$16,989.558
Annual Cash Flow
$-123,874.7

Location & Travel Times