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…
151 St. Mark Avenue
Selma, NC 27576
Asking Price
$3.50M
Cap Rate
5%
Asset Type
Restaurant Retail
Class
Class B
What's Special
New 10-Year Lease | Options to Extend | Scheduled Rental Increases <ul><li>LongHorn Steakhouse Corporate signed lease</li><li>10 years remaining with 4 (5-year) option periods to extend</li><li>The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period</li><li>The property is located in an opportunity zone, providing potential tax benefits to ownership (contact a tax advisor)</li><li>Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises</li><li>Minimal landlord res
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
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084
