3511-3553 M L King Jr Blvd | New Bern, NC 28562
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3511-3553 M L King Jr Blvd
New Bern, NC 28562
Ross/ULTA/Hobby Lobby/Academy Sports · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 6 National Credit Tenants / Corp. Executed Leases: Hobby Lobby, Academy Sports + Outdoors, Ross Dress For Less, Five Below, West Marine, ULTA Beauty
- Annual Rental Increases for all Tenants
- 6% Cash on Cash Return / $15.5M Down Payment
- Long Term Leases | Ease of Management + 100% Leased / Coastal Trophy Asset
- Very Attractive Interest Only (I/O) Loan Assumption at 4.99% Interest Rate
- Co-Anchored With Harris Teeter Supermarket and Home Goods
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
166,834 SF
Building Class
B
Year Built
2018
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
22.40 AC
Zoning
NC3 - Shopping Center - Neighborhood
Parking
872 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $27,044,700 | |
| Land Assessment | $6,357,130 | Total Assessment | $33,401,830 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,357,130
Improvements Assessment
$27,044,700
Total Assessment
$33,401,830
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