Shopping Center Caratoke Hwy in Grandy NC

Description

Condominiumized Shopping Center for sale on Caratoke Hwy in Grandy. 7 of the 9 units offered for sale. 3 units are currently vacant. 4 tenants bring in $32,200/year gross, $16,559.02 NOI. Ample road frontage, 18,000 daily traffic count, multiple curb cuts. Roof and many HVAC units are new, county water, 2 septic tanks. Monitoring wells are on the property from UST incidents on either side, one is closed out with No Further Action letter on file and we are working on the other one. Not in a flood zone! Insurance $1705.50/yr, taxes $2193.12/yr, condo dues $7782.36/yr ($9k balance in account). Suite 1 is 800 sq ft & vacant, Suite 2 is 800 sq ft rented to a dog groomer who has been there 15yrs paying $525/mo-$6300/yr, Suite 3 is 800 sq ft rented to a waterfowl outfitter 3 months of the year on month to month lease for $1600/yr, there is a separate 750 sq ft storage unit behind Suite 3 that is vacant, Suite 4 is 800 sq ft & vacant, Suite 5 is 1200 sq ft renovated and leased to Monarch (mental health provider) paying $1500/mo-$18000/yr, Suites 6&7 are 800 sq ft each but not included, Suite 8 is 800 sq ft rented to a hair stylist who has been there 15+ yrs paying $525/mo-$6300/yr.