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1102 E CHURCH ST
CHERRYVILLE, NC 28021-2102
Asking Price
$1.29M
Cap Rate
6%
Asset Type
Auto Shop Retail
Class
Class B
What's Special
STNL AutoZone/BBB Credit/Below Market Rent <p>Auto Zone (NYSE: ATO) publicly traded / Investment grade BBB (S&P)</p><p>STNL ease of management as tenant responsible for property taxes, liability insurance, and recurring operating expenses</p><p>Below Market Rent & Growing income stream - 10% Increase in rent every 5 years</p><p>Land & building ownership provide tax benefits - Ideal for 1031 exchange</p><p>26 Years at this location with 20 years of potential option term remaining</p><p>Located in high growth suburb of Charlotte, NC</p>
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NOI
$80,000
Cap Rate
6.22%
DSCR
1.05
Tight
Cash-on-Cash
0.93%
Monthly Payment
$6,367.374
Annual Cash Flow
$3,591.515
