3403 N Main St - Freestanding FOR SALE


Hope Mills, NC 28348
$325,000 USD
919-708-3369
3403 N Main St, Hope Mills, NC for Sale
$325,000 USD
Freestanding - FOR SALE
1/3
null | 7.3% Cap Rate

3403 N Main St
Hope Mills, NC 28348


HIGHLIGHTS

  • National Tenant with long history in the space

OVERVIEW

IMPORTANT!!!!! It is a Gross Lease. Loopnet/Costar has it classified as Investment NNN. It is not. I have asked Loopnet to change it, to no avail. On the positive side: Papa John’s USA, Inc is the tenant. Current term runs through April 21, 2028 with an option to extend through April 21, 2033. Gross lease; owner responsible for structural and outside maintenance. Building is 1470 sf. The 255 sf of cooler/freezer belongs to the tenant. Material Facts: Tenant has a buy out clause. Cumberland County tax revaluation takes effect Jan 1 2025. Access and sewer easements available as are Covenants. Neighbors include Surge Trampoline Park and DMV.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Reduced - National Tenant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CP

APN/PARCEL ID

0414-36-5951

ASK ABOUT THIS PROPERTY

Steve MalloyAdcock Real Estate ServicesMore Info
919-708-3369

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Steve MalloyAdcock Real Estate ServicesMore Info
919-708-3369

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