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1200 Eastern Ave 4,400 SF Retail Building Nashville, NC 27856 $2,715,965 CAD ($617.26 CAD/SF) 6.25% Cap Rate

Investment Highlights
- Located on a signalized hard corner along the main retail corridor.
- Directly off Highway 64 with over 31,100 vpd.
- Across the street from a Walmart Supercenter and Food Lion anchored shopping center.
Executive Summary
Centennial Retail Services is pleased to present the exclusive offering of a Wendy’s outparcel in Nashville, North Carolina, featuring a long-term absolute NNN lease providing stable and passive income. The property is offered at $1,990,826, representing a 6.25% cap rate with annual rent of approximately $124,426, flat for the remainder of the term. Strategically located on a signalized hard corner along the main retail corridor, the site offers excellent visibility and access directly off Highway 64, with traffic counts exceeding 31,000 vehicles per day. The asset benefits from strong retail synergy, positioned across from a Walmart Supercenter and a Food Lion-anchored shopping center, and surrounded by a mix of national and regional retailers. Additionally, the property is located just minutes from Nash Central High School, further supporting consistent consumer traffic in the area. This offering presents a compelling opportunity to acquire a well-located, income-producing asset backed by an experienced operator in a growing retail corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,400 SF
Building Class
C
Year Built
2009
Price
$2,715,965 CAD
Price Per SF
$617.26 CAD
Cap Rate
6.25%
NOI
$169,748 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.10 AC
Zoning
B-1 - General Business District
Parking
65 Spaces (14.77 Spaces per 1,000 SF Leased)
Frontage
248’ on Eastern Ave
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3811-18-50-0201 | Improvements Assessment | $1,388,182 CAD |
| Land Assessment | $743,511 CAD | Total Assessment | $2,131,693 CAD |
Property Taxes
Parcel Number
3811-18-50-0201
Land Assessment
$743,511 CAD
Improvements Assessment
$1,388,182 CAD
Total Assessment
$2,131,693 CAD
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1200 Eastern Ave
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