This property is Off-Market

3500 Dr. Martin Luther King Jr. Blvd
New Bern, NC 28562 ·

13,813 SF · Retail For Sale

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Rite Aid New Bern, NC

Price N/A Cap Rate 7.81%
Building Size 13,813 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Lot Size 1.66 SF
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 17135305 Date Created: 04/27/2011 Last Updated: 10/10/2012

Description

13,813 SF free-standing building on 1.66 acres. 20 year NNN lease with 14 years remaining. Debt must be assumed. Debt is approximately $3,800,000 with payments of $290,029/year. Annual cash flow after debt service is $108,185. Cash on cash return = 8.72%.

Corner location at 3500 Dr. Martin Luther King Jr. Blvd in New Bern, NC.

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3500 Dr. Martin Luther King Jr. Blvd, New Bern, NC 28562 (Craven County)

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