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Prime Restaurant Space | 1601 E Franklin Blvd 1601 E Franklin Blvd
6,948 SF of Retail Space Available in Gastonia, NC 28054
Highlights
- 6,948 SF former restaurant space on a prime signalized corner
- Sale price: $3.1 million; lease rate: $30 per SF, NNN
- Surrounded by established retail, boosting potential foot traffic
- Located in a high-traffic retail area on East Franklin Blvd
- Excellent demographics with over 113,000 residents within 5 miles
- Flexible sale or lease options available
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,948 SF | Negotiable | $42.14 CAD/SF/YR $3.51 CAD/SF/MO $453.60 CAD/m²/YR $37.80 CAD/m²/MO $24,399 CAD/MO $292,792 CAD/YR | Triple Net (NNN) |
1st Floor
Former O'Charley's restaurant located at the signalized corner of New Hope Road and Frankin Blvd.
- Lease rate does not include utilities, property expenses or building services
- Heavily-trafficked retail corridor
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1601 E Franklin Blvd , Gastonia, NC 28054
| Property Type | Retail | Total Land Area | 1.00 AC |
| Property Subtype | Restaurant | Year Built | 2001 |
| Gross Leasable Area | 6,948 SF | Parking Ratio | 8.92/1,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,948 SF |
| Total Land Area | 1.00 AC |
| Year Built | 2001 |
| Parking Ratio | 8.92/1,000 SF |
About the Property
1601 E Franklin Blvd offers a unique opportunity for a restaurant in Gastonia’s busy New Hope and Franklin Blvd corridor. This 6,948 SF former O’Charley’s restaurant is located at a signalized intersection, maximizing visibility and accessibility. The site is set within a retail-heavy area, perfect for attracting diners from both the local community and the surrounding area. This vibrant area of Gastonia is bustling with retail and residential growth, with over 113,000 residents within a five-mile radius and median incomes over $50,000 within three miles. With an attractive lease rate of $30 per SF, NNN, or a sale price of $3.1 million, this property offers prime flexibility for restaurant operators or investors.
- Signage
- Air Conditioning
Nearby Major Retailers
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Eric Clay -
Bob Clay -
MECA Commercial Real Estate
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Prime Restaurant Space | 1601 E Franklin Blvd | 1601 E Franklin Blvd
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