Triple Net Leased 10% cap Friendly Check in Edenton NC
- Property ID: 3416
- Date added: 06/28/23
- Post Updated: 2024-06-06 15:56:53
- Status: Sold
- Area: 1836 sq ft
- Lot size: 0.56 acres
- Year built: 1973/2010
Description
Income producing investment opportunity with a 10% cap rate on a triple net leased property, a freestanding 1836 sq ft building located on the corner of N Broad Street and Paradise Road in Edenton. Tenant is Friendly Check Cashing and they have a new 5 year Triple Net lease through April of 2028 with two 5 year renewal options through 2038. True triple net lease where Tenant is responsible for everything. Currently paying $3,000/mo or $36,000/yr. Building was built in 1973 and remodeled in 2010.
View on map / Neighborhood
Features
- Survey on file
- City SEWER!
- Not in a flood zone
- Corner location
- Handicapped access
- Freestanding Building
- Private Parking
- Near Downtown & Waterfront
Documents
- Tax Card
- Property Flyer: 1101-N-Broad-Street-Edenton-Ace-Cash-Express-lease.pdf
Agent
This style property is located in Edenton is currently Commercial Building For Sale Income Producing Property and has been listed on The Rich Company. This property is listed at $ 360,000.00. It has bathrooms, and is 1836 sq ft. The property was built in 1973/2010 year.
