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961 Old US 601
Mount Airy, NC 27030

C-Store · Retail Property For Sale

Investment Highlights

  • Attractive 20 Year Triple Net (NNN) Lease With 2% Annual Increases to Hedge Against Inflation
  • Excellent Ingress/Egress With Multiple Points of Entry
  • Tenant Making Improvement Into Site Showing Commitment to the Site
  • Guarantor: 50+ Unit Operator With $100MM in Revenue, $20MM in Ebitdar and $75MM Personal Guarantee
  • Property Immediately Qualifies For Accelerated Depreciation
  • Over 54,000 Residents Within a 10-Mile Radius Making an Average Household Income of $60,732

PROPERTY FACTS

Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,740 SF
Year Built
1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
1.00 AC
Zoning
CB

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5918-04-94-5962
Land Assessment
$75,000
Improvements Assessment
$125,800
Total Assessment
$200,800
  • Listing ID: 25350466

  • Date on Market: 3/29/2022

  • Last Updated:

  • Address: 961 Old US 601, Mount Airy, NC 27030

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