For Sale
$2,828,000
552 Plaza Dr Mooresville, NC 28115
Net-leased bank, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- Fee-simple ownership of a 2,604 SF Chase Bank building on a 0.98-acre lot in Mooresville, NC.
- Absolute NNN ground lease with no landlord responsibilities; 15.2-year remaining lease term (commencing January 12, 2025) with 10% rent increases every five years and five 5-year option periods. Corporate guarantee from Chase Bank.
- $2,828,000 asking price, generating a $140,000 NOI and a 4.95% cap rate.
- High-profile location at a lighted intersection (E. Plaza Dr. & N. Broad St.) with excellent visibility and accessibility. High-traffic retail corridor with 0% vacancy within a one-mile radius, including Food Lion, McDonald's, KFC, and Dunkin'.
- Recent renovations completed by tenant; building updated to Chase's newest prototype. Strong location within the rapidly growing Charlotte MSA, experiencing significant population and job growth.
Property Details for 552 Plaza Dr
- Property type
- Retail properties, Retail space
- Square Feet
- 2,604 SF
- Class
- A
- Year Built/Renovated
- 1973/2024
- Lot Size (sq. ft)
- 42,689 SF
Location Insight
- City
- Mooresville
- County
- Iredell
- State
- North Carolina
- Latitude
- 35.599753377493
- Longitude
- -80.811194416217
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Net-leased bank, strong tenant.
- Where is the retail property located?
- The property is located at 552 Plaza Dr Mooresville, NC.
- What is the asking price?
- The asking price for this property is $2,828,000.
- What are key features of this property?
- This property features: Fee-simple ownership of a 2,604 SF Chase Bank building on a 0.98-acre lot in Mooresville, NC.; Absolute NNN ground lease with no landlord responsibilities; 15.2-year remaining lease term (commencing January 12, 2025) with 10% rent increases every five years and five 5-year option periods. Corporate guarantee from Chase Bank.; $2,828,000 asking price, generating a $140,000 NOI and a 4.95% cap rate.
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