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142 8th Avenue
Cramerton, NC 28032
Asking Price
$1.37M
Cap Rate
7.25%
Asset Type
Restaurant Retail
Class
Class B
What's Special
Floyd & Blackie's | New 10-Year NNN Lease <ul><li>BRAND NEW 10-YEAR TERM | NNN LEASE | 3% ANNUAL ESCALATIONS</li><li>WELL-KNOWN LOCAL TENANT | 14-YEAR OPERATING HISTORY</li><li>HEALTHY RENT-TO-SALES RATIO</li><li>CHARLOTTE MSA</li><li>AMPLE PARKING | 48 SPACES</li><li>CENTRALLY LOCATED IN CRAMERTON | ADJACENT TO GOAT ISLAND PARK</li><li>RECENT MAJOR RENOVATIONS | NEW FLOOR COVERINGS & PARKING LOT</li><li>CENTER STREET SOCIAL DISTRICT</li><li>OPPORTUNITY ZONE | CENSUS TRACT 322</li><li>AFFLUENT & STRONG GROWTH DEMOGRAPHICS</li>
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NOI
$80,000
Cap Rate
5.86%
DSCR
0.99
Underwater
Cash-on-Cash
-0.27%
Monthly Payment
$6,758.223
Annual Cash Flow
$-1,098.672