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 | 7.14% Cash Return · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Low interest rate 4.9% loan Assumption | I/O for 10 years | 7.14% Cash/Cash Return
- Located On Super Regional Retail Corridor: Corridor Tenants Include: Harris Teeter Supermarket, Home Goods, ALDI, Walgreens, Publix, Target
- Affluent Trade Area with High Disposable Income: $77,515 AHHI within 5 Miles
- Coastal Trophy Asset / Long Term Leases w/ Annual Rental Increases for All Tenants Throughout The Lease Term Plus Option Periods
- Over 30 miles to the next nearest Hobby Lobby, Academy Sports, Ross, ULTA, Five Below, West Marine
- $13M Down Payment
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
270,985 SF
Building Class
B
Year Built
2018
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
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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