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Main Street Urgent Care 190 Lexie Lane 3,200 SF 100% Leased Retail Building Cameron, NC 28326 $1,953,000 ($610.31/SF) 6% Cap Rate
Investment Highlights
- HIGHLY VISIBLE AND SURROUNDED BY HUNDREDS OF NEW HOMES
- HIGH GROWTH MARKET
- NEARBY TO MAJOR ECONOMIC DRIVER
Executive Summary
STRONG LEASE FUNDAMENTALS
- New 15 year lease
- 10% rent increases every 5 years
- Minimum Landlord Responsibilities
- Long term passive investment opportunity
NEARBY TO MAJOR ECONOMIC DRIVER
- Approximately 11 miles to Fort Liberty, a 251 square mile military base
- The largest military base in the entire world with over 52K military personnel
- Fort Liberty has an economic impact of $8.1 billion to the local economy
HIGHLY VISIBLE AND SURROUNDED BY HUNDREDS OF NEW HOMES
- Fronting NC Hwy 24-87 (41,000 VPD)
- Over a 7.0% annual population growth over the past 13 years in a 1-mile radius
- Total number of homes in a one mile radius has nearly doubled in last 13 years (7.3% annual growth)
NEW CONSTRUCTION
- New build-to-suit with transferable roof and mechanical warranties
POSITIONED ON A RETAIL CORRIDOR
- Over 350KSF of retail space located in a 1-mile radius of the site
- Nearby retailers include: Walmart Supercenter, Food Lion, Dollar Tree, Bojangles, Zaxbys, and More
HIGH GROWTH MARKET
- According to the World Population Review, the city of Spout Springs is growing at a rate of 7.7% annually
- The national average growth rate for a city in southern United States is 1.0%
- New 15 year lease
- 10% rent increases every 5 years
- Minimum Landlord Responsibilities
- Long term passive investment opportunity
NEARBY TO MAJOR ECONOMIC DRIVER
- Approximately 11 miles to Fort Liberty, a 251 square mile military base
- The largest military base in the entire world with over 52K military personnel
- Fort Liberty has an economic impact of $8.1 billion to the local economy
HIGHLY VISIBLE AND SURROUNDED BY HUNDREDS OF NEW HOMES
- Fronting NC Hwy 24-87 (41,000 VPD)
- Over a 7.0% annual population growth over the past 13 years in a 1-mile radius
- Total number of homes in a one mile radius has nearly doubled in last 13 years (7.3% annual growth)
NEW CONSTRUCTION
- New build-to-suit with transferable roof and mechanical warranties
POSITIONED ON A RETAIL CORRIDOR
- Over 350KSF of retail space located in a 1-mile radius of the site
- Nearby retailers include: Walmart Supercenter, Food Lion, Dollar Tree, Bojangles, Zaxbys, and More
HIGH GROWTH MARKET
- According to the World Population Review, the city of Spout Springs is growing at a rate of 7.7% annually
- The national average growth rate for a city in southern United States is 1.0%
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,200 SF
Building Class
B
Year Built
2024
Price
$1,953,000
Price Per SF
$610.31
Cap Rate
6%
NOI
$117,188
Percent Leased
100%
Building Height
1 Story
Building FAR
0.08
Lot Size
0.94 AC
Zoning
RA20R
Nearby Major Retailers
Property Taxes
| Parcel Number | 019594 0047 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $816,641 |
Property Taxes
Parcel Number
019594 0047
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$816,641
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Main Street Urgent Care | 190 Lexie Lane
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