627 Gum StMooresville, NC 28115

This exceptional investment opportunity presents a 1-story, 8,157 square foot church building situated on a 0.92-acre lot in Mooresville, North Carolina. Built in 1913, this special-purpose property is currently under a triple-net (NNN) lease with a funeral home operator, providing a stable income stream. The 10-year lease offers a strong 7.20% capitalization rate, representing a compelling return on investment. Located at 627 Gum St, Mooresville, NC 28115, this property benefits from its prime location within Iredell County, a rapidly growing area. The asking price is $1,520,000, translating to $186.34 per square foot. This unique property presents a high barrier to entry due to its specialized nature and desirable location, making it an attractive asset for discerning investors seeking a stable, long-term investment with significant upside potential in a thriving market. The property's history and established tenant provide a solid foundation for future growth and profitability. This is a rare chance to acquire a well-positioned, income-generating property in a high-demand area.