16 Cherokee Crossing Road

    Cherokee, NC 28719
    • $8,900,000
    • STATUS: Active
    • ON SITE: 142 days
    • ID#: 3566179
    UPDATED: 70 min ago
    $8,900,000
    • 0
      BEDS
    • 9.65
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1998
    County:
    Area:

    School Ratings & Info

    Offered by Looking Glass Realty Llc. Copyright 2020 Canopy MLS. All rights reserved.

    Description

    Cherokee Crossing Shopping Center is a Food Lion anchored strip center serving Swain and Jackson Counties. Food Lion is the sole grocery store on the reservation, closest competition is approximately 15 Miles away. Property being sold as a 50 year Land Lease through the Eastern Band of Cherokee Indians. It includes 10 retail spaces that currently generate a 7.3% CAP rate. The 10 spaces are 100% occupied with long-term tenants including Food Lion, Domino's, Waffle House, Arby's, First Citizens Bank, and more. This investment opportunity has a consistent financial history and is an established income producer.

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    Based on information submitted to the MLS GRID as of 2020-04-02T12:59:43.907 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS 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 Scarlett Property Group | EXP 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. © 2020 Canopy MLS.

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    www.scarlettrealestate.com/homes/100795013

    16 Cherokee Crossing Road Cherokee, NC 28719

    • Price: $8,900,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: 3566179
    0
    Beds
    0
    Baths
    0
    ½ Baths
    9.65
    Acres
    1998
    Built
    County:
    Jackson
    Area:
    Cherokee
    Property Description
    Cherokee Crossing Shopping Center is a Food Lion anchored strip center serving Swain and Jackson Counties. Food Lion is the sole grocery store on the reservation, closest competition is approximately 15 Miles away. Property being sold as a 50 year Land Lease through the Eastern Band of Cherokee Indians. It includes 10 retail spaces that currently generate a 7.3% CAP rate. The 10 spaces are 100% occupied with long-term tenants including Food Lion, Domino's, Waffle House, Arby's, First Citizens Bank, and more. This investment opportunity has a consistent financial history and is an established income producer.
    Exterior Features

    Roof See Remarks

    Interior Features

    Heating Separate Meters

    Property Features

    Cross Street Us 441Casino Trail Inclusions Building Listing Terms Ground Lease New Construction YN No Property Sub Type Retail Special Listing Conditions None Structure Type Retail Center Tax Annual Amount 999



    Based on information submitted to the MLS GRID as of 2020-04-02T12:59:43.907 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS 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 Scarlett Property Group | EXP 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. © 2020 Canopy MLS.

    Digital Millennium Copyright Act
     
    Scarlett Property Group | EXP Realty
    3426 Toringdon Way, Ste 104A
    Charlotte NC, 28277
    Offered by Looking Glass Realty Llc. Copyright 2020 Canopy MLS. All rights reserved.