For Sale
$824,000

200-202 Nash StLouisburg, NC 27549

Fully Leased, Turnkey Restaurant Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fully leased, multi-tenant retail property located in the heart of downtown Louisburg, North Carolina. The property, situated at 200-202 E Nash St, encompasses 5,025 square feet across two units and sits on a single story building constructed in 1925, extensively renovated in 2020. The property is zoned B-1, allowing for a variety of commercial uses. Currently operating at 100% occupancy, the property features a thriving restaurant in Suite 200, boasting 3,780 square feet of space, and an additional 1,245 square feet of retail space in Suite 201. A significant investment in new kitchen appliances and bar equipment, valued at $200,000, will transfer to the new owner, representing a substantial turnkey advantage. The lease structure is NNN, with a multi-tenant occupancy and a lease expiration date of April 29, 2028. The asking price is $824,000, offering a compelling 7.50% cap rate. This property presents a rare opportunity to acquire a well-established, high-performing commercial property in a desirable downtown location with significant upside potential. The property's strong tenant base, modern renovations, and prime location make it an ideal investment for discerning buyers seeking a stable and profitable addition to their portfolio. The property's location in Franklin County, North Carolina, offers easy access to major transportation routes and a thriving local community.

Highlights

  • $824,000 asking price for this multi-tenant retail property.
  • Located at 200-202 E Nash St, Louisburg, NC 27549, this 5,025 square foot building sits on a B-1 zoned lot.
  • The property features two units: a 3,780 SF restaurant and a 1,245 SF retail space, currently 100% occupied.
  • Built in 1925 and renovated in 2020, this single-story building offers a fully equipped bar and kitchen, including a walk-in cooler and $200,000 worth of transferable kitchen and bar equipment.
  • NNN lease in place, expiring April 29, 2028, with a 7.50% cap rate.

Property Details for 200-202 Nash St

Property type
Retail properties, Restaurants
Square Feet
5,025 SF
Year Built/Renovated
1925/2020
Stories
1
Units
2

Location Insight

City
Louisburg
County
Franklin
State
North Carolina
Latitude
36.098991
Longitude
-78.300144
200-202 Nash St, Louisburg, North Carolina

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200-202 Nash St
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