Commercial and Residential Income Producing Portfolio $ 1,200,000.00
Commercial and Residential Income Producing Portfolio
$ 1,200,000.00Very unique income producing portfolio that includes 3 comm. bldgs with 10 comm tenants and 2 rental houses all in a row with 100% occupancy/no vacancy. Comm. tenants have been there 13.5 yrs on average. Projected YTD income $139,080, expenses $29,228.65 giving a Net Operating Income of $109,851.35 which is a 9.15% cap rate at […]
Unique turnkey recreational/fun or event center property with all the games and kitchen equipment included, or a modern 6,828 sq ft building(s) on 2.35AC with I-2 zoning with lots of games and equipment to sell to recoup your expense. 35 parking spaces in rear, full court outdoor fenced in concrete basketball court, 9 flat screen […]
5952 sq ft Restaurant building Elizabeth City $ 635,000.00
5952 sq ft Restaurant building Elizabeth City
$ 635,000.005952 sq ft restaurant building on 1.296AC with 62 parking spaces available for sale. Current tenant (who has an option to purchase it) Villa Restaurant’s lease runs out September 30 2022. Showings can be done on Mondays only. Building was built in 1986 as a Shoney’s prototype. One of the best locations in Elizabeth City, […]
11% cap Office 106 E King Street Edenton NC $ 261,818.00
11% cap Office 106 E King Street Edenton NC
$ 261,818.00Income producing historic office property in Downtown Edenton for sale with an 11% cap rate. Tenant is a CPA firm whose current lease runs through October 31 2025 with a renewal option of 36 months. Tenant pays $28,800 per year in rent (adjusts with the CPI every August) plus utilities taxes, insurance, and repairs except […]
13% cap Medical Office 201 Virginia Road Edenton NC $ 911,000.00
13% cap Medical Office 201 Virginia Road Edenton NC
$ 911,000.00Income producing 9,622 sq ft medical bldg in front of the Hospital in Edenton. Vidant has leased the bldg since 2009, current rent $142,817/yr with $24,362/yr expenses making the NOI $118,455. Current price gives this property an incredible 13% cap rate! Lease has CPI index rent increase ability annually that was just exercised for the […]
Very nice newly built out 1,800 sq ft 30′ by 60′ office unit with small garage bay and 14′ overhead door. $60,000 spent on office buildout. 4 offices, reception area, large conference room with sink/bar, kitchenette, and small garage bay with overhead door. Automatic LED lights, front and rear doors, signage on facade and on […]
Fully leased 3,346 sq ft medical building behind Hospital in Edenton. Vidant pays $14.25/sq ft NNN. Lease began 5/1/2012 and expires 6/30/2024. Tenant renewed for 3 years instead of 1 year option in 2014, 2018, & 2021. NOI of $46,519.05 using 2018-2020 expenses (12.39% cap rate) or $43,164.46 using 2015-2020 expenses (11.5% cap rate). HVAC […]
1111 Halstead Blvd Tractor Supply Elizabeth City $ 941,066.00
1111 Halstead Blvd Tractor Supply Elizabeth City
$ 941,066.00Income producing Tractor Supply location in Elizabeth City available for sale at a 9.0% cap rate. Tractor Supply has been here since I did their initial lease in 2010 and they renewed in January of 2021 through January 31 2023. Annual rental income is $84,696, NN lease. Building is 20,000 sq ft on 4 acres […]
Tanglewood Pkwy outparcels 1.28AC-20.09AC $ 800,000.00
Tanglewood Pkwy outparcels 1.28AC-20.09AC
$ 800,000.006 Commercial outparcels located behind Super Wal-Mart in the Tanglewood Shopping Center in Elizabeth City totaling 20.09AC. Listed for $137,900 below tax value. 14.79AC fronts directly on Hwy 17 bypass. Accessed through Wal-Mart by either going to the right or left of Wal-Mart. Can be sold in separate lots at $50,000 per acre. Lot 5: […]
7.94 AC Industrial zoned property in downtown Edenton at the corner of N Oakum and Walker Streets, not in a flood zone, priced at approximately $25,000 per acre. Current zoning allows many uses, see attached permitted use table for all uses but highlights include agricultural chemical sales, farm supplies, livestock, gym, church, day care, gov […]
Shopping Center Caratoke Hwy in Grandy NC $ 249,000.00
Shopping Center Caratoke Hwy in Grandy NC
$ 249,000.00Condominiumized 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 […]
Halstead Blvd Shopping Center fully leased $ 695,000.00
Halstead Blvd Shopping Center fully leased
$ 695,000.00Fully leased 8424 sq ft shopping center for sale on Halstead Blvd, 0.839 acres. Current Tenants include Cycle Gallery (part owner/seller), Tae Kwon-Do Studio, and Tina’s Nails. Annual gross income $78,000/year, Net Operating Income of $66,615.65 making this sale a 9.5% cap rate. Central electric HVAC, 0.839 acre lot with parking in the front and […]
