1102 Dallas Cherryville Hwy

Retail-Commercial for Sale
Catylist Listing ID: 30148941
Building Size (RSF): 7,400 SF
Gross Land Area: 1.04 Acres
Sale Price: $1,828,570
Unit Price: $247.10 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: 5.25%
Last Updated: 2/7/2018

Overview / Comments

Autozone store with 10+ years left on the initial term. Lease has four 5-year extension options. NOI: $96,000/year. CAP Rate: 5.25. Located in Gaston County, NC, the eighth largest county in NC with a population of over 210,000 and only 30 minutes from Charlotte. The site is located at the busy intersection of Dallas Cherryville Hwy (20,000 vehicles/day) and US Hwy 321, a four-lane limited access highway (38,000 vehicles/day). Nearby properties include: Walgreens, McDonalds, Dollar General, Bojangles, Dairy Queen, Kentucky Fired Chicken, Arbys, Food Lion, CVS, Wells Fargo, Ingle's, BB&T and Gaston College.

Attachments & Media

Additional Details

Nearest MSA: Charlotte-Concord-Gastonia
County: Gaston
Tax ID/APN: 3547576145
Total Number of Buildings: 1
Number of Stories: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,060 19,734 71,242
Median Age: 36.87 37.19 38.79
Households: 1,534 7,650 27,527
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