872 River Hw

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872 River Hw

Mooresville, NC 28117
Asking Price
$925K
Asset Type
Retail
Class
Class B

What's Special

872 River Highway is situated in Mooresville, North Carolina, within a primary commercial corridor along Lake Norman. The property is positioned in a high-traffic area characterized by a mix of national big-box retailers, shopping centers, and diverse dining options. It offers direct access to Highway 150, a major east-west artery, and is located approximately two miles from the Interstate 77 interchange. This location serves a growing residential population and benefits from proximity to regional attractions and professional business parks. The property is suited for general retail operations, service-oriented businesses, or showroom space. Its visibility and placement within a dense commercial hub make it an appropriate site for national franchises, boutique retailers, or medical office conversions. The typical tenant profile includes established retail brands or local service providers seeking to leverage the area’s consistent consumer traffic and strong local demographics. The asset provides functional space for businesses requiring high accessibility and proximity to established retail anchors.

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NOI
$80,000
Cap Rate
8.65%
DSCR
1.46
Strong
Cash-on-Cash
9.04%
Monthly Payment
$4,576.395
Annual Cash Flow
$25,083.256

Location & Travel Times