16 Cherokee Crossing Road, Cherokee, NC 28719
sale $8,900,000 | Retail Center
Courtesy Of Looking Glass Realty LLC
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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- Age: 21-30 Years Old
- Architecture Style: Other
- Legal Description: Painttown Community, Cherokee Indian Reservation
- MLSID: 3566179
- Roof Type: Unknown
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