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Parachute Plasma 1336 E Dixon Blvd

8,000 SF Retail Building Shelby, NC 28152 $4,827,880 ($603/SF) 7.50% Cap Rate

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Growing Credit The lease is subject to a corporate guarantee by Join Parachute.
  • Attractive Rental Increases The lease will feature 2.00% rental increases starting in year 6.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Parachute
Plasma located at 1336 E Dixon Blvd., Shelby, NC 28001. The site
consists of roughly 8,000 rentable square feet of building space
on an estimated 0.84-acre parcel of land. This Parachute Plasma
is subject to a 20-year Triple Net (NNN) lease which will
commence upon close of escrow. The annual rent will be
$362,091 and has scheduled increases of 2.00% Annually
Starting Year 6.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2024
Price
$4,827,880
Price Per SF
$603
Cap Rate
7.50%
NOI
$362,091
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.84 AC
Zoning
GB - General Business
Frontage
156 FT on Dixon Blvd

Amenities

  • Freeway Visibility
  • Storage Space
  • Air Conditioning

Nearby Major Retailers

Bank OZK
Planet Fitness
Rent-A-Center
Ingles
Starbucks
ALDI
Golden Corral
WW
IHOP Restaurant
Applebee's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
26689
Land Assessment
$220,836
Improvements Assessment
$183,761
Total Assessment
$404,597
  • Listing ID: 33202325

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 1336 E Dixon Blvd, Shelby, NC 28152

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