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3825 Conlon Way 8,056 SF 100% Leased Retail Building Elizabeth City, NC 27909 $5,102,133 ($633.33/SF) 6% Cap Rate
Executive Summary
• ±8,056 SF retail shops, build-to-suit concept nestled on 1.16 acres, directly in front of established Tanglewood Pavilions in Elizabeth City, NC!
• Nearby retailers include: Walmart, TJ Maxx, Ross, Hobby Lobby, Aldi, & Lidl
• Located in the retail hub for Elizabeth City at the intersection of US Route 17 Bypass and Halstead Boulevard, anchored by a ±206,000 SF Walmart supercenter with $110M annual revenue
• The U.S. Coast Guard maintains a major base in the area with more than 2,700 employees
• Under Construction! Sentara Healthcare is building a 110-bed hospital, bringing over 1,000 new employees to the area
• Nearby retailers include: Walmart, TJ Maxx, Ross, Hobby Lobby, Aldi, & Lidl
• Located in the retail hub for Elizabeth City at the intersection of US Route 17 Bypass and Halstead Boulevard, anchored by a ±206,000 SF Walmart supercenter with $110M annual revenue
• The U.S. Coast Guard maintains a major base in the area with more than 2,700 employees
• Under Construction! Sentara Healthcare is building a 110-bed hospital, bringing over 1,000 new employees to the area
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,056 SF
Building Class
B
Year Built
2025
Price
$5,102,133
Price Per SF
$633.33
Cap Rate
6%
NOI
$306,128
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
2.60 AC
Zoning
GB - General Business
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 7993860949 | Improvements Assessment | $1,922,400 |
| Land Assessment | $1,132,600 | Total Assessment | $3,055,000 |
Property Taxes
Parcel Number
7993860949
Land Assessment
$1,132,600
Improvements Assessment
$1,922,400
Total Assessment
$3,055,000
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3825 Conlon Way
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