Historical Retail Sale Listing - Rite Aid New Bern, NC

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Rite Aid New Bern, NC

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

N/A

13,813 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
13,813 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.81%
Occupancy:
100%
Tenancy:
Single
Lot Size:
1.66 SF
Listing ID
17135305
Last Updated
over 1 year ago

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.

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

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

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