16 Cherokee Crossing

    Cherokee, NC 28719
    • $8,500,000
    • STATUS: Active
    • ON SITE: 91 days
    • ID#: 3418567
    $8,500,000
    • 0
      BEDS
    • 9.65
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1998
    County:
    Area:

    School Ratings & Info

    Offered by Looking Glass Realty Llc. Copyright 2018 Carolina Multiple Listing Services. All rights reserved.

    Description

    Cherokee Crossing Shopping Center produces the most retail traffic on the Cherokee Indian Reservation. This property is being sold as a 50 year Land Lease through members of the Eastern Band of Cherokee Indians. It includes 10 commercial spaces that currently generate a 7.295% CAP rate. The ten spaces are 100% occupied with long-term tenants such as Food Lion, Family Dollar, Domino's, Waffle House, Arby's, First Citizens Bank, and more. The Food Lion is the sole grocery store on the Cherokee Reservation and the closest competition is more than a 20 minute drive away. This investment opportunity has a consistent financial history and is an established income producer.

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    The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Exit Mountain Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2018 Carolina Multiple Listing Services, Inc. Data last updated 2018-11-19T23:59:12.62.

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    www.exitmountainrealty.com/homes/86715329

    16 Cherokee Crossing Cherokee, NC 28719

    • Price: $8,500,000
    • Status: Active
    • ID#: 3418567
    0
    Beds
    0
    Baths
    0
    ½ Baths
    9.65
    Acres
    1998
    Built
    Neighborhood:
    Cherokee
    County:
    Jackson
    Area:
    Cherokee
    Property Description
    Cherokee Crossing Shopping Center produces the most retail traffic on the Cherokee Indian Reservation. This property is being sold as a 50 year Land Lease through members of the Eastern Band of Cherokee Indians. It includes 10 commercial spaces that currently generate a 7.295% CAP rate. The ten spaces are 100% occupied with long-term tenants such as Food Lion, Family Dollar, Domino's, Waffle House, Arby's, First Citizens Bank, and more. The Food Lion is the sole grocery store on the Cherokee Reservation and the closest competition is more than a 20 minute drive away. This investment opportunity has a consistent financial history and is an established income producer.
    Exterior Features

    Buildings 4

    Interior Features

    Max Sq Ft Avail 63953 Min Sq Ft Avail 63953

    Property Features

    Agent Owner No Commercial Type Retail Center Complex Name Cherokee Crossing Shopping Center Cross Street Us 441 & Casino Trail Financial Info 7.295 Cap Rate Gross Operating Income 832887 Gross Scheduled Income 832887.00 In City No New Construction No Operating Expenses 212742.00 Restrictions DeedOther Restrictions Description Na Sale Lease Includes BuildingLandOther Secondary Type Food Service Special Conditions Subject To Lease Vacancy Rate 0 Zoning Na



    The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Exit Mountain Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2018 Carolina Multiple Listing Services, Inc. Data last updated 2018-11-19T23:59:12.62.

    Digital Millennium Copyright Act
     
    Exit Mountain Realty
    1301 Asheville Highway, Suite A
    Brevard NC, 28712
    Offered by Looking Glass Realty Llc. Copyright 2018 Carolina Multiple Listing Services. All rights reserved.
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