2074 N NC 16 bus

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2074 N NC 16 bus

Denver, NC 28037
Asking Price
$3.28M
Asset Type
Retail
Class
Class B

What's Special

2074 North NC-16 Business Highway is located in the growing lakeside community of Denver, North Carolina. The property situated along a primary commercial corridor characterized by a mix of local retail centers, professional services, and high-density residential subdivisions. Residents have direct access to nearby amenities including the Shops at any Lake, major grocery anchors, and public recreation areas at Lake Norman. Transportation access is provided via NC-16 Business, which connects the site to Highway 73 and the new NC-16 bypass, facilitating commutes to Charlotte and Hickory. The property is suited for diverse retail applications including specialty boutiques, quick-service dining, or healthcare-related services. Its location and visibility cater to small-to-mid-sized business owners seeking a presence in a high-traffic demographic area. Typical tenants include service providers, fitness studios, and neighborhood retail operators looking to capitalize on the increasing population density and local consumer spending power in Lincoln County.

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NOI
$80,000
Cap Rate
2.44%
DSCR
0.41
Underwater
Cash-on-Cash
-11.66%
Monthly Payment
$16,237.545
Annual Cash Flow
$-114,850.543

Location & Travel Times