359 West Main Avenue

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359 West Main Avenue

Gastonia, NC 28052
Asking Price
$2.02M
Cap Rate
6.35%
Asset Type
Storefront Retail
Class
Class B

What's Special

Retail | 6.35% CAP | 8,555 SqFt <p>• Experienced operator | Goodwill Industries of Southern Piedmont, Inc. | 36 retail stores & 40+ donation sites | $187M annual economic impact</p><p>• Exceptional tenant commitment | Goodwill gut-renovated and fully modernized the property to current building standards | Currently operates the location as a Career Development Center providing workforce training, job placement, and community services</p><p>• Desirable lease term | More than 7 years remaining</p><p>• Built-in NOI growth | 10% r

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NOI
$80,000
Cap Rate
3.96%
DSCR
0.67
Underwater
Cash-on-Cash
-6.60%
Monthly Payment
$9,998.805
Annual Cash Flow
$-39,985.664

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