731 E Washington St - Freestanding FOR SALE
Nashville, NC 27856 |
$4,200,000 USD
843-931-9503
731 E Washington St
Nashville, NC 27856
HIGHLIGHTS
- Piggly Wiggly Desires to Extend to a Long-Term Lease in 2028; This is the Number 6 Ranked Store Out of 51 in North Carolina According to PlacerAI.
- Opportunity to convert three month to month leases to market to market, leading to a year 1 cap rate of 7.9%
- Potential Upside By Bringing Rents to Market and Converting Leases to Triple Net; Only Two of the 9 Tenants Are Currently Responsible For TICAM.
- Nashville Has Continued YoY Population Growth as it Benefits From the Migration Happening to the Suburbs of Raleigh.
- Unique Opportunity to Purchase Grocery Anchored Shopping Center in North Carolina For a Low Rate of $79 PSF on the Building and $18 PSF on the Land.
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 52,636 SF Nashville Shopping Center Located at 731 East Washington Street in Nashville, NC. This deal includes an opportunity to convert three month to month leases to market to market, leading to a year 1 cap rate of 7.9%
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
FOR SALE DETAILS
PRICE
$4,200,000 USD
PRICE/SF
$85 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Nashville Shopping Center - Nashville, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Supermarket, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
183
LAND DETAILS
LAND ACRES
5.13 AC
LAND SF
223,463 SF
ZONING
B1
APN/PARCEL ID
3800-08-99-1765
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843-931-9503
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843-931-9503
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