2311 Timber Drive

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2311 Timber Drive

Garner, NC 27529
Asking Price
$3.65M
Cap Rate
6.35%
Asset Type
Sports/Entertainment Special-purpose
Class
Class B

What's Special

Prime Signalized Corner Intersection | Affluent Surrounding Area | Exceptional Population Growth <p>• Prime signalized corner location | Timber Dr & Woodland Rd | 23,800 VPD combined</p><p>• North Carolina’s largest indoor golf entertainment venue | 13 simulator bays, private teaching suite, indoor putting & chipping green, fullservice bar & kitchen, and outdoor patio</p><p>• Affluent surrounding area | $114,109 average household income within a 3-mile radius</p><p>• Operator commitment | Personal guarantees from ownership demonstrating confidence in the location and business</p><p>• Establ

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NOI
$80,000
Cap Rate
2.19%
DSCR
0.37
Underwater
Cash-on-Cash
-12.48%
Monthly Payment
$18,048.314
Annual Cash Flow
$-136,579.763

Location & Travel Times