3403 Main St, Hope Mills, NC 28348

1,470 SF | Retail Building | Hope Mills, NC 28348 | $375,000 ($255/SF) | 6.33% Cap Rate

Asking Price $375,000

Property Type
Retail
Square Feet
1,470 SF
Price / Square Foot
$255

Listing Contacts

Steve Malloy

Property Overview

IMPORTANT!!!!! It is a Gross Lease. Loopnet/Costar has it classified as Investment NNN. It is not. I have asked Loopnet to change it, to no avail.
On the positive side: Papa John’s USA, Inc is the tenant. Current term runs through April 21, 2028 with an option to extend through April 21, 2033. Gross lease; owner responsible for structural and outside maintenance. Building is 1470 sf. The 255 sf of cooler/freezer belongs to the tenant.
Material Facts: Tenant has a buy out clause. Cumberland County tax revaluation takes effect Jan 1 2025.
Access and sewer easements available as are Covenants.
Neighbors include Surge Trampoline Park and DMV.

Property Details

Class
C
Year Built
1998
Stories
1
Property Subtype
Freestanding
Lot Size (sq. ft)
10,019 SF

Highlights

  • National Tenant with long history in the space

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