Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    832 Chester St Gastonia, NC 28052

    Sponsored
    For Sale
    $1,854,000

    High-Yield Pizza Hut Investment, NC

    Property size:
    2,357 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a Pizza Hut restaurant located at 832 S Chester St, Gastonia, NC 28052. The property boasts a strong location directly off Highway 321 within the Charlotte MSA, benefiting from high visibility and traffic counts. Built in 2001, this single-story, 2,357 square foot building sits on a 0.82-acre lot and is situated near a signalized hard corner intersection. The property is currently under a single-tenant, absolute NNN lease with a national franchisee (Pizza Hut), offering significant stability and minimal landlord responsibilities. The lease features 9.4 years remaining and includes annual rent bumps of 1.25%, ensuring consistent income growth. The asking price is $1,854,000, representing a price per square foot of $786.59 and a compelling 6.25% cap rate based on a current Net Operating Income (NOI) of $115,899. This investment offers a rare opportunity to acquire a well-performing, nationally branded retail property in a prime location with significant long-term growth potential. The property's strong location within a corridor featuring big-box national credit tenants further enhances its investment appeal. This is a turnkey investment ideal for passive income seekers.

    Property Features for 832 Chester St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,357 SF
    Lot Size
    35,719 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1

    HighLights

    • Fee‑simple ownership of a Pizza Hut in the Charlotte MSA.
    • Located directly off Highway 321 with high visibility and traffic.
    • Situated near a signalized intersection on a 0.82‑acre lot.
    • Strong location within a corridor featuring big‑box national credit tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pizza Hut Pizza Delivery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.1898869
    Latitude
    35.2513736

    Nearby Similar for Sale

    • $350,000
      0.33 Acres

      Gastonia Multifamily Investment Opportunity

      Two remodeled homes, one rented, offering immediate income potential.
      809/812 Marve St, Gastonia, NC 28052
      View Details
    • New
      $295,000
      0.22 Acres

      Charming Gastonia Duplex with Updates

      Move-in-ready duplex with updates, great for investors or homeowners.
      1106 Summer Dr, Gastonia, NC 28052
      View Details
    • $1,200,000
      0.08 Acres

      Gastonia Live Music Venue

      Fully operational live music and event venue in Gastonia.
      334 W Main Ave, Gastonia, NC 28052
      View Details
    • $349,900
      0.57 Acres

      Two Residences on Union Road

      Two separate residences on a single parcel in Gastonia, NC.
      1109 Union Rd, Gastonia, NC 28054
      View Details
    • $195,000
      0.31 Acres

      Gastonia Commercial Property For Sale

      Well-maintained commercial property with office, storage, and warehouse space.
      321 S Avon St, Gastonia, NC 28054
      View Details
    • $1,700,000
      2.09 Acres

      Gastonia Industrial Site For Sale

      High-visibility industrial site with commissary, live/work space, and storage.
      901 Dr Martin Luther King Jr Way, Gastonia, NC 28054
      View Details
    • $1,200,000
      1.46 Acres

      Gastonia Mixed-Use Investment Opportunity

      Three parcels with multiple buildings in Gastonia, North Carolina.
      617 E 2Nd Ave, Gastonia, NC 28054
      View Details
    • $499,999
      0.17 Acres

      Gastonia Restaurant Opportunity

      Restaurant building for sale in Gastonia, North Carolina.
      203 N Cherry St, Gastonia, NC 28052
      View Details
    • $800,000
      2.18 Acres

      Gastonia Office Building on 2.18 Acres

      Office building in Gastonia, NC, with updated features.
      619 E Price Ave, Gastonia, NC 28054
      View Details
    • $695,000
      1.90 Acres

      Gastonia Land Approved for Storage

      1.9 acres with self-storage approvals and plans in place.
      Gaston Day School Rd, Gastonia, NC 28056
      View Details
    • $274,900
      0.18 Acres

      Gastonia Retail/Office Investment Opportunity

      Prime investment in Gastonia's thriving Central Business District.
      414 W Main Ave, Gastonia, NC 28052
      View Details
    • $3,300,000
      0.51 Acres

      Retail Opportunity in Downtown Gastonia

      Prime retail space in Gastonia's thriving Central Business District.
      413 W Main Ave, Gastonia, NC 28052
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-Yield Pizza Hut Investment, NC
    Where is this individual retail property located?
    The property is located at 832 Chester St Gastonia, NC.
    What is the asking price?
    The asking price for this property is $1,854,000.
    What are key features of this property?
    This property features: Fee-simple ownership of a Pizza Hut in the Charlotte MSA.; Located directly off Highway 321 with high visibility and traffic.; Situated near a signalized intersection on a 0.82-acre lot.
    Request Owner's contact information
    832 Chester St Gastonia, NC 28052
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    832 Chester St
    Gastonia, NC 28052
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    832 Chester St Gastonia, NC 28052
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.