108 COLLEGE VIEW DR

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108 COLLEGE VIEW DR

DALLAS, NC 28034-9310
Asking Price
$3.05M
Cap Rate
6.15%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

6.15% CAP | Only Drive Through Coffee Concept in Low Vacancy Market <p><strong style="color: rgba(6, 34, 57, 1)">ATTRACIVE LEASE FUNDAMENTALS</strong></p><ul><li>​<span style="color: rgba(6, 34, 57, 1)">10% rental increases every 5 years including options</span></li><li>​<span style="color: rgba(6, 34, 57, 1)">Six (6) - five (5) year options</span></li><li>​<span style="color: rgba(6, 34, 57, 1)">Minimal LL responsibilities</span></li></ul><p></p><p><strong style="color: rgba(6, 34, 57, 1)">CORPORATE GUARANTEE FROM CREDIT TENANT</strong></p><ul><li>​<span style=

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NOI
$80,000
Cap Rate
2.62%
DSCR
0.44
Underwater
Cash-on-Cash
-11.04%
Monthly Payment
$15,084.788
Annual Cash Flow
$-101,017.461

Location & Travel Times