742 Highway 27 - Supermarket FOR SALE


Lincolnton, NC 28092
$5,097,000 USD
646-838-3000
742 Highway 27, Lincolnton, NC for Sale
$5,097,000 USD
Supermarket - FOR SALE
1/2
null | 6% Cap Rate

742 Highway 27
Lincolnton, NC 28092


HIGHLIGHTS

  • Free-Standing Food Lion building in the Charlotte MSA with limited landlord responsibilities
  • Strong performing Food Lion with sales of $20.2M ($450 PSF) and a 1.5% Rent to Sales Ratio. Creditntell ranks this location in the top 20th percentile
  • Property is in excellent condition; the roofing system was replaced in 2018 with a 20-Year transferrable warranty

OVERVIEW

Cleeman Realty Group is pleased to present the exclusive opportunity to acquire the Free-Standing Food Lion located at 742 Highway 27, Lincolnton, NC. Food Lion has occupied this property since its acquisition of Bi-Lo in 2020, and the site has operated as a grocery store since 1994. The lease runs through April 5, 2030 and the roof was recently replaced in 2018 with a 20-year transferrable warranty. The subject property is located in the Charlotte MSA with 31,314 people within 5 miles and benefits from great visibility off the highly trafficked Highway 27 (15,500+ VPD). Contact us to learn more.

FOR SALE DETAILS

PRICE

$5,097,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Food Lion

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

333

LAND DETAILS

LAND ACRES

10.29 AC

LAND SF

448,232 SF

ZONING

P-B

APN/PARCEL ID

58918

ASK ABOUT THIS PROPERTY

Michael CleemanCleeman Realty Group LLCMore Info
646-838-3000

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Michael CleemanCleeman Realty Group LLCMore Info
646-838-3000

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