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406 Halstead Boulevard
Elizabeth City, NC 27909
Asking Price
Contact for price
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
THRIVING RETAIL SUBMARKET <p><strong><u>NEW 2024 CONSTRUCTION – PROTOTYPE STORE</u></strong></p><p>• Newly constructed in 2024 with Wawa’s latest store design</p><p>• Situated on 1.8+ acres with 27 parking spaces and 16 fuel pumps</p><p>• Estimated $7–$7.5 million tenant investment in construction, creating significant intrinsic real estate value</p><p></p><p><strong><u>LONG-TERM ABSOLUTE NNN GROUND LEASE</u></strong></p><p>• 18+ years of primary lease term remaining</p><p>• Fully NNN structure with no landlord responsib
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
