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BURGER KING 3602 Charles Blvd

3,770 SF 100% Leased Retail Building Greenville, NC 27858 $1,863,000 ($494/SF) 6.50% Cap Rate

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Investment Highlights

Absolute NNN lease structure with zero landlord responsibilities
Long operating history as Burger King has operated at this location for ±17 years
The subject property is outparceled to a fully occupied Food Lion Anchored shopping center

±9 years remaining on the lease with four, 5 year options
7.50% increase every 5 years
Food Lion is ranked in the 94th percentile nationally at this location

Executive Summary

Broker of Record
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type

Investment

Property Type

Retail

Building Size

3,770 SF

Building Class

Year Built

1993

Price

$1,863,000

Price Per SF

$494

Cap Rate

6.50%

NOI

$121,123

Percent Leased

100%

Building Height

1 Story

Building FAR

0.09

Land Acres

0.98 AC

Zoning

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