414 Water StLincolnton, NC 28092
For Sale
$2,795,000
Historic Brewery, High ROI, NNN Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 126
Highlights
- 12,000 SF two-story bar in Lincolnton, NC on a 1.05-acre lot.
- NNN lease with BrickTree Brewing, 12.7 years remaining (expires 7/31/2037), with two 5-year renewal options at 5% rent increases.
- 5.49% cap rate and $153,360 NOI; $232.92 price per square foot.
- Located in downtown Lincolnton's entertainment district with ample parking.
- Historic building (National Register of Historic Places) with upgraded utilities and C-B zoning.
Property Details for 414 Water St
- Property type
- Retail properties, Bars
- Square Feet
- 12,000 SF
- Year Built/Renovated
- 1903/2020
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 45,738 SF
- Units
- 1
Location Insight
- City
- Lincolnton
- County
- Lincoln
- State
- North Carolina
- Latitude
- 35.4719474
- Longitude
- -81.2515821
414 Water St, Lincolnton, North Carolina
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Historic Brewery, High ROI, NNN Lease
- Where is the retail property located?
- The property is located at 414 Water St Lincolnton, NC.
- What is the asking price?
- The asking price for this property is $2,795,000.
- What are key features of this property?
- This property features: 12,000 SF two-story bar in Lincolnton, NC on a 1.05-acre lot.; NNN lease with BrickTree Brewing, 12.7 years remaining (expires 7/31/2037), with two 5-year renewal options at 5% rent increases.; 5.49% cap rate and $153,360 NOI; $232.92 price per square foot.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website