Retail Space /NC /Wake County /Morrisville /1115 Hatches Pond Ln
Retail Space /NC /Wake County /Morrisville /1115 Hatches Pond Ln

1115 Hatches Pond Ln - Freestanding FOR SALE


Morrisville, NC 27560 | 
$2,292,000 USD
704-379-1985
1115 Hatches Pond Ln, Morrisville, NC for Sale
$2,292,000 USD
Freestanding - FOR SALE
1/10
null | 6% Cap Rate
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1115 Hatches Pond Ln
Morrisville, NC 27560

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HIGHLIGHTS

  • Absolute Net Ground Lease
  • Desirable lease term | 10.5+ years remaining
  • Guaranty from Ozark Custard, LLC | 10 units
  • Great visibility from Davis Dr | 25,500 VPD
  • Outparcel to Wegmans | 103,000 SF of retail space
  • Located inside of dense retail corridor | 1.3M SF within a 2-mile radius

OVERVIEW

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Andy's Frozen Custard Ground Lease in Morrisville, NC. We welcome your review of this attractive investment.

FOR SALE DETAILS

PRICE

$2,292,000 USD

PRICE/SF

$1,273 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Andy's Frozen Custard Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

GCP

APN/PARCEL ID

0745.01-45-6662-000

ASK ABOUT THIS PROPERTY

Ransome FooseBerkeley Capital AdvisorsMore Info
704-379-1985

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Ransome FooseBerkeley Capital AdvisorsMore Info
704-379-1985

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

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