16 Cherokee Crossing, Cherokee, NC 28719
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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List Price: $8,500,000
Year Built: 1998
7.5% CAP rate
50-Year Land Lease
Consistently 100% Occupied
Highest Retail Traffic on Cherokee Indian Reservation