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303 Salisbury Ave 3,834 SF Office Building Albemarle, NC 28001 $749,000 ($195.36/SF) 6.87% Cap Rate
Executive Summary
Professional free standing optometry office building in the shadow of Atrium Health Regional Hospital, Walgreen's, Harris-Teeter and much more! Current tenant is The Eye Care Centers of America. Nine (9) Years remain outstanding on the balance of the lease term(s). Great investment for the passive investor or an ideal exchange property! Tenant pays 50% of expenses as additional rent for real property taxes, property insurance and lawn maintenance.
Eye Care Centers is associated with National Vision Holdings (Stock Symbol EYE)
Property is owned and was developed by now retired optometrists.
Eye Care Centers is associated with National Vision Holdings (Stock Symbol EYE)
Property is owned and was developed by now retired optometrists.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
3,834 SF
Building Class
B
Year Built
1996
Price
$749,000
Price Per SF
$195.36
Cap Rate
6.87%
NOI
$51,426
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,834 SF
Building FAR
0.17
Lot Size
0.52 AC
Zoning
NBD - Neighborhood Business District
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
eyecarecenter was founded in 1954 when Rocky Stroud, O.D. opened an optometric practice in Rocky Mount, North Carolina. The company has since grown to nearly 40 practices throughout North Carolina. eyecarecenter practices are full-service facilities that provide optical services through licensed optometrists. In addition to conducting thorough eye examinations and providing a variety of other vision services, eyecarecenter also offers an extensive selection of ophthalmic and sunglass frames, as well as a wide variety of contact lenses for every need.. When it comes to your eyes, eyecarecenter doctors are focused on you.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 6548-01-18-9121 | Improvements Assessment | $388,429 |
| Land Assessment | $64,532 | Total Assessment | $452,961 |
Property Taxes
Parcel Number
6548-01-18-9121
Land Assessment
$64,532
Improvements Assessment
$388,429
Total Assessment
$452,961
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Contact the Sale Advisor
303 Salisbury Ave