552 E Plaza Dr - Bank FOR SALE


Mooresville, NC 28115
$2,828,000 USD
704-697-1900
552 E Plaza Dr, Mooresville, NC for Sale
$2,828,000 USD
Bank - FOR SALE
1/5
null | 4.95% Cap Rate

552 E Plaza Dr
Mooresville, NC 28115


HIGHLIGHTS

  • ATTRACTIVE LEASE FUNDAMENTALS
  • HIGH PROFILE SITE AT LIGHTED INTERSECTION
  • INVESTMENT GRADE TENANT

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - 10% rent increase every 5 years and during options periods - Absolute NNN Ground Lease providing no Landlord Responsibilities - Five (5) - Five (5) year option periods INVESTMENT GRADE TENANT - Corporate Guaranty from Investment Grade Tenant - JP Morgan has a Market Cap of $360B (NASDAQ: JPM) with over 5,600 locations across the country - S&P rating of AA1 CHARLOTTE MSA TAILWINDS - Charlotte MSA has added more than 135K people from 2020 to 2023, making it the 5th fastest growing city in the Country - Charlotte forecasts a 45.2% job growth over the next 10 years HIGH PROFILE SITE AT LIGHTED INTERSECTION - Positioned on the hard corner of E. Plaza (25K VPD) and N Broad St (10.5K VPD) - Accessible right turn off of E. Plaza into a wrap around parking lot RECENT RENOVATIONS COMPLETED BY TENANT - Tenant is renovating the existing building to their newest building prototype LOCATED IN HIGH TRAFFIC RETAIL CORRIDOR - Over 430K SF of Retail Space located in a 1-mile radius, boasting a 0% vacancy rate - Nearby Tenants include: Food Lion, McDonalds, KFC, and Dunkin

FOR SALE DETAILS

PRICE

$2,828,000 USD

PRICE/SF

$1,086 USD /SF

CAP RATE

4.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank - Mooresville, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

HB

APN/PARCEL ID

4667-18-5263.000

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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