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395 Crimson Laurel Way 10,500 SF Retail Building Bakersville, NC 28705 $879,999 ($83.81/SF) 7.97% Cap Rate
Investment Highlights
- Essential Tenants: Both tenants serve critical functions in the community, supporting consistent foot traffic and dependable occupancy.
- Retail Scarcity: Limited availability of retail-appropriate properties and new development opportunities in Bakersville.
- Minimal Competition: Sparse competitive retail presence enhances tenant stability and long-term viability.
Executive Summary
Two stand alone, occupied buildings on one parcel for Sale at a 7.8% cap rate, in Bakersville, NC.Current tenants include 7,500 SF Dollar General (current term expires
July 31, 2028 with 1 remaining renewal option) and 3,000 SF French Broad Electric office building comprising 1,500 SF of finished office and a 1,500 SF basement (on a month-tomonth lease). With limited retail development options and minimal competition in the surrounding area, this asset presents a unique opportunity for stable income and future
upside.
July 31, 2028 with 1 remaining renewal option) and 3,000 SF French Broad Electric office building comprising 1,500 SF of finished office and a 1,500 SF basement (on a month-tomonth lease). With limited retail development options and minimal competition in the surrounding area, this asset presents a unique opportunity for stable income and future
upside.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
1995
Price
$879,999
Price Per SF
$83.81
Cap Rate
7.97%
NOI
$70,122
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.67 AC
Property Taxes
| Parcel Number | 0863-07-77-4653 | Improvements Assessment | $242,100 |
| Land Assessment | $111,000 | Total Assessment | $353,100 |
Property Taxes
Parcel Number
0863-07-77-4653
Land Assessment
$111,000
Improvements Assessment
$242,100
Total Assessment
$353,100
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395 Crimson Laurel Way
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