3814 Memorial Dr - Fast Food FOR SALE


Greenville, NC 27834- Southwest Greenville
$2,283,000 USD
949-506-2009
3814 Memorial Dr, Greenville, NC for Sale
$2,283,000 USD
Fast Food - FOR SALE
1/10
null | 6% Cap Rate

3814 Memorial Dr
Greenville, NC 27834
Southwest Greenville


HIGHLIGHTS

  • 20 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Burlington Anchored Center | Pitt Community College
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 7 Brew Coffee investment property located in Greenville, North Carolina. The tenant recently signed a brand-new, 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years (beginning on the first day of Year 5) throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,283,000 USD

PRICE/SF

$4,476 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew | 20yrs Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

CH

APN/PARCEL ID

072902

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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