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201 N Lafayette St 1,632 SF Retail Building Shelby, NC 28150 $1,505,977 CAD ($922.78 CAD/SF) 6% Cap Rate
Investment Highlights
- Lighted Intersection of N Lafayette Street & W Sumter Street.
- Across Intersection from PNC Bank, Earl Scruggs Center & First Baptist Church.
Executive Summary
Absolute NNN Lease with six years left on the lease. 10% rent increase upon renewal. Recently remodeled location. Jimmy John’s is owned by Inspire Brands
with 2,800 Franchisees.
with 2,800 Franchisees.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,632 SF
Building Class
C
Year Built/Renovated
1958/2021
Price
$1,505,977 CAD
Price Per SF
$922.78 CAD
Cap Rate
6%
NOI
$90,359 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.22 AC
Zoning
GB - General Business
Parking
12 Spaces (7.35 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 17562 | Improvements Assessment | $385,503 CAD |
| Land Assessment | $82,355 CAD | Total Assessment | $467,858 CAD |
Property Taxes
Parcel Number
17562
Land Assessment
$82,355 CAD
Improvements Assessment
$385,503 CAD
Total Assessment
$467,858 CAD
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201 N Lafayette St
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