975 Blowing Rock Blvd

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975 Blowing Rock Blvd

Lenoir, NC 28645
Asking Price
$3.33M
Cap Rate
5.25%
Asset Type
Restaurant Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail restaurant property spanning 4,979 square feet of space
  • Located along the primary corridor of Blowing Rock Boulevard
  • Asset available for purchase at a price of $3,330,000
  • Investment opportunity currently featuring a 5.25% cap rate
  • Positioned within the growing retail landscape of Lenoir, North Carolina

What's Special

Lenoir serves as a central hub in the foothills of North Carolina, positioned near major transit routes that connect the Blue Ridge Mountains to the broader Piedmont region. This 4,979-square-foot retail restaurant property is situated along Blowing Rock Boulevard, benefiting from the steady flow of local residents and regional visitors traveling toward nearby mountain recreation areas. The surrounding market reflects a traditional suburban economy with established infrastructure that supports consistent consumer traffic throughout the week. Investors may find this asset suitable for various food service operations, including national chains or regional dining concepts seeking high-visibility positioning in the Lenoir submarket. Its strategic placement provides accessibility for commuters and residents alike, while the existing site layout accommodates the specific logistical requirements of a commercial restaurant. This offering presents a professional entry into the regional retail landscape for stakeholders targeting stable market positioning.

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NOI
$80,000
Cap Rate
2.40%
DSCR
0.40
Underwater
Cash-on-Cash
-11.78%
Monthly Payment
$16,475.023
Annual Cash Flow
$-117,700.277

Location & Travel Times