Andy's Frozen Custard Ground Lease | 1115 Hatches Pond Ln
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Andy's Frozen Custard Ground Lease 1115 Hatches Pond Ln
1,874 SF 4-Star Retail Building Morrisville, NC 27560 $3,298,853 CAD ($1,760 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Ground Lease
- Guaranty from Ozark Custard, LLC | 10 units
- Outparcel to Wegmans | 103,000 SF of retail space
- Desirable lease term | 10.5+ years remaining
- Great visibility from Davis Dr | 25,500 VPD
- Located inside of dense retail corridor | 1.3M SF within a 2-mile radius
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Andy's Frozen Custard Ground Lease in Morrisville, NC. We welcome your review of this attractive investment.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
1,874 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2020
Price
$3,298,853 CAD
Price Per SF
$1,760 CAD
Cap Rate
6%
NOI
$197,931 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.72 AC
Zoning
GCP
Parking
33 Spaces (17.61 Spaces per 1,000 SF Leased)
Frontage
137 ft on Hatches Pond Lane
NEARBY MAJOR RETAILERS
PROPERTY TAXES
Parcel Number | 0745.01-45-6662-000 | Improvements Assessment | $958,241 CAD |
Land Assessment | $2,342,672 CAD | Total Assessment | $3,300,913 CAD |
PROPERTY TAXES
Parcel Number
0745.01-45-6662-000
Land Assessment
$2,342,672 CAD
Improvements Assessment
$958,241 CAD
Total Assessment
$3,300,913 CAD
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Andy's Frozen Custard Ground Lease | 1115 Hatches Pond Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.