$227.27 Per Sq Foot $13,041 est/mo Sourced by Back At You

100 Plank Bridge Road,Camden, NC 27921

Camden NC, 27921

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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.

Details

MLS#100434490
Listing TypeFor Sale
StatusActive
Year2016
Days On Site58
Listing Provided ByRich Company | Alex Rich

Features

N/A11,000
ZoningComm. Core
Acreage2.52

Market Activity 27921

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Listings Checked: 3 minutes ago
StateNC
CountyCamden
CityCamden
Zip Code27921
AreaCamden
Community NameN/A
Listing VS Median (in N/A)
Price:
$2,500,000
low | high
Med:
$294,900
100% of Average
SqFt:
11,000
low | high
Med:
1,858
100% of Average
$ / SqFt:
$227
low | high
Med:
$159
80.16361679225% of Average
On Site:
58
low | high
Med:
51
100% of Average
Sourced by Back At You
Listing Updated: April 2, 2024 at 12:40:43 AM PDT