Caputo’s Pizza | Double Net (NN) Investment Opportunity

$358,108

800 South Mountain Street, Cherryville, NC 28021

For Sale

Retail Restaurant

Active

Last Updated: 09/03/2021

Details:

Cap Rate: 7.4%

NOI: $26,500

Building Size: 4,123 sqft

Lot Area: 1.6 acres

Lease Type: Double Net

Year Built: 1955

Price Per Sqft: $86.86

Year Last Renovated: 2017

Roof & Structure: Landlord’s Responsibility

HVAC: Tenant’s Responsibility

Repairs & Maintenance: Tenant’s Responsibility

Highlights:

Over 6 Years Remaining on This Well-Known Local Restaurant
Annual Increases in Rent
Paid Full Rent Throughout COVID-19
Tenant Recently Made Improvements Showing Commitment to Site
Large Parcel – Property is Situated on 1.6 Acres of Land
Low Rent Per SF
Property is Near John Chavis Middle School, Cherryville Elementary School and Cherryville High School
Located in Top MSA – the Charlotte–Concord –Gastonia MSA is the 22nd Largest in the United States With 2,636,883 Residents
Property is Located 30-Miles From Charlotte Douglas International Airport – Which is the 5th Busiest Airport in the Nation
Nearby Tenants Include: Bojangles’, Taco Bell, Kentucky Fried Chicken, Pizza Hut, McDonald’s, Dollar General and BB&T

Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,123 SF Caputo’s Pizza Located at 800 S Mountain Street in Cherryville, NC. This Opportunity Includes Over 6 Years Remaining on this Well-Known Local Restaurant That is Located in a Top MSA, Providing For a Secure Investment.

In Cooperation With:
Sands Investment Group North Carolina, LLC – Lic. # 29362
BoR: Amar Goli- Lic. # 310575

Map:

Documents:

	Title
	Offering Memorandum	View View Document

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