1026 Glenway Dr - Restaurant FOR SALE
Statesville, NC 28625 |
$2,167,000 USD
402-730-6021
1026 Glenway Dr
Statesville, NC 28625
HIGHLIGHTS
- Brand new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years with three 5-year options to renew.
- Suncakes, LLC is a 34-unit operator wholly owned by Sun Holdings (2nd largest franchisee in the U.S.) with over 1,500 units across multiple brands
- Located in dominant retail corridor (pad site to a Walmart Anchored Shopping Center) on a large ±1.325-acre lot with great visibility/access
- Traffic counts of 32,018 CPD (just north of I-40 with traffic counts of 59,421 CPD)
- 2024 DEMOGRAPHICS: Total Population (5-MI): 48,019 | Average Household Income (1-MI): $88,382
FOR SALE DETAILS
PRICE
$2,167,000 USD
PRICE/SF
$397 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
IHOP - STATESVILLE, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bank, Fast Food, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.33 AC
LAND SF
57,970 SF
ZONING
C
APN/PARCEL ID
4745-44-3437.000-A
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402-730-6021
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402-730-6021
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