627 Gum St
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627 Gum St
8,157 SF Retail Building Mooresville, NC 28115 $1,341,176 ($164.42/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Unique investment opportunity
- Special-use property currently under a NNN 10-year lease
- North Carolina’s fastest growing city
EXECUTIVE SUMMARY
Unique investment opportunity in Mooresville, North Carolina’s fastest growing city. Special-use property currently under a NNN 10-year lease to a funeral home operator with a long history in the market. High barrier to entry on a unique property in an amazing location!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,157 SF
Building Class
C
Year Built/Renovated
1913/2005
Price
$1,341,176
Price Per SF
$164.42
Cap Rate
8.50%
NOI
$114,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.92 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Wayne Russell Funeral Service
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Wayne Russell Funeral Service | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4667-33-8682.000 | Improvements Assessment | $341,250 |
| Land Assessment | $124,490 | Total Assessment | $465,740 |
PROPERTY TAXES
Parcel Number
4667-33-8682.000
Land Assessment
$124,490
Improvements Assessment
$341,250
Total Assessment
$465,740
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627 Gum St
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