2110 Allendown Drive

Business for Sale

2110 Allendown Drive Durham, NC

Price: $ 499,000
Space Size: 848 SF
Property Type: Retail

Request Additional Information

  • Hidden

Description:

EXECUTIVE SUMMARY

Former Doghouse restaurant for many years. Just off busy Hwy 55 in Durham.
Excellent investment opportunity in a small restaurant building, currently leased until 2022 with renewal options afterwards. Tenant has personally guaranteed and operates a successful business since 2017.
Note Tenant has a right of first refusal on any offer that is acceptable to Seller.
Sale Type: Investment NNN
Sale Conditions: 1031 Exchange
Property Type: Retail
Property Subtype: Fast Food
Building Size: 848 SF
Building Class: B
Year Built: 2002
Price: $499,000
Price Per SF: $588
Cap Rate: 7.21%
NOI: $36,000
Tenancy: Single
Building Height: 1 Story
Building FAR: 0.04
Land Acres: 0.47 AC
Zoning: NC
Parking: 15 Spaces (10 Spaces per 1,000 SF Leased)
Frontage: 27 FT on Allendown Drive
Opportunity Zone: No
Amenities:
  • Pylon Sign
  • Signage
  • Drive Thru

Additional Information:

Listing ID: 16327675
County: Durham
Year Established: 2002
Service Type: Triple Net
Zoning: NC
Building Class: B