Share this listing
Pre-formatted captions, a short link, and a QR code — ready to paste.
Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…
705 Blowing Rock Boulevard
Lenoir, NC 28645
Asking Price
$1.75M
Cap Rate
7.25%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Retail | 7.25% CAP | 10,000 SqFt <ul><li>Tenant just recently signed a new 10-year extension</li><li>Over 11 years remaining with 1 (5-year) option to extend</li><li>The lease features $0.50/SF increases every five years and at the beginning of the option, growing NOI and hedging against inflation</li><li>Store is undergoing a "paint & powder" refresh</li><li>91st Percentile within a 50-mile radius (#5 of 45 stores) and 78th percentile in North Carolina (#70 of 328 stores) - (Placer.AI)</li><li>Tenant pays for utilities,
Free Valuation Calculator
No login requiredRun the numbers on this deal. All calculations are estimates — verify with your lender and accountant.
NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.57%
Monthly Payment
$8,667.94
Annual Cash Flow
$-24,015.281
