Co-op Convenience Store | 12 Main St
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Co-op Convenience Store 12 Main St
3,843 SF 4-Star Retail Building Crawcrook NE40 4ND £1,450,000 (£377/SF) 5.52% Net Initial Yield
Investment Highlights
- Prominently situated in the commercial centre of Crawcrook Gateshead
- Easy access to the A1 Western Bypass enabling regional travel
- Limited convenience store competition in Crawcrook
Executive Summary
New Build Co-op investment for sale. 15 year unbroken term.
Price: £1,450,000 (5.20% NIY)
Newly developed unit extending to 357.03 sq m (3,843 sq ft).
Securely let entirely to a national covenant in The Co-operative Group Food Ltd.
Price: £1,450,000 (5.20% NIY)
Newly developed unit extending to 357.03 sq m (3,843 sq ft).
Securely let entirely to a national covenant in The Co-operative Group Food Ltd.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Convenience Store
Building Size
3,843 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
£1,450,000
Price Per SF
£377
Net Initial Yield
5.52%
NOI
£80,000
Tenancy
Single
Number of Floors
1
Building FAR
0.44
Lot Size
0.20 AC
Parking
7 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
61 ft on Main Street
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Nearby Major Retailers
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Co-op Convenience Store | 12 Main St
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