3500 Dr. Martin Luther King Jr. Blvd
New Bern, NC 28562 ·
13,813 SF · Retail For Sale
Rite Aid New Bern, NC
|Building Size||13,813 SF||Occupancy||100%|
|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|
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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