NC > Camden
Camden, NC 27921,100 Plank Bridge RD
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Kevin Lee & Jason Harrell

Kevin Lee & Jason Harrell

$ 2,500,000
Est. payment | /mo

11,000 SqFt

Save
$ 2,500,000
Est. payment | /mo
Save

11,000 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,000 sqft

Price per Sqft $227

MLS Listing ID 100434490

HOA Y/N No

Originating Board North Carolina Regional MLS

Year Built 2016

Annual Tax Amount $17,604

Lot Size 2.520 Acres

Acres 2.52

Lot Dimensions 348' x 462' x240' x 343'

Property Description

Fully leased Shopping Strip Center in the heart of Camden with a current CAP rate of 7.36%. Built in 2016 with Central Sewer and Natural Gas in the heart of lovely Camden, NC. Five units from 1,662-3,000 sq ft for a total of 11,000 sq ft with 76 parking spaces on 2.52AC listed for $1.1M below tax value. Tenants include Chesapeake Regional Medical Center, Todds Pharmacy (which is closed and subleased to a Church but Todd's lease is still in force through the end of 2027), Jack & Jenny's Pizza Company, Hungry Panda, and Waterfall Blossom Cafe. Gross Income is currently $180,550 ($15.22-$17.31 per sq ft) and all leases are NNN with $4.50 per square foot TICAM charges and the lease rates all increase between 2%-3% annually. CAP rates will increase by about 0.2% annually assuming no vacancies and no increases in expenses. Room to build an additional +/-3,500 sq ft between the existing building and Hwy 343 with parking lot and landscaping in place for the expansion area.

Location

State NC

County Camden

Zoning Comm. Core

Direction Adjacent to Hardee's in Camden at the intersection of Highways 158 & 343.

Interior

Heating Heat Pump, Natural Gas

Cooling Central Air

Exterior

Garage Parking Lot, Asphalt, Lighted, Off Street

Utilities Available City Water, Natural Gas Connected

Roof Type Membrane,Flat

Building

Lot Description Level, See Remarks

Sewer Municipal Sewer

New Construction No

Others

Tax ID 028935032022760000

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

Hive MLS / (NCRMLS)
Listed by Rich Company

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Kevin Lee & Jason Harrell

Broker-Owner | Lic# 186173

3208 Charles Blvd, Greenville, NC, 27858

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100 Plank Bridge RD