3511-3553 M L King Jr Blvd | New Bern, NC 28562
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This Retail Property is no longer advertised on LoopNet.com.
3511-3553 M L King Jr Blvd
New Bern, NC 28562
New Bern Marketplace-Super Regional Power Ctr · Retail Property For Sale

INVESTMENT HIGHLIGHTS
- Anchored by 6 National Credit Tenants: Ross/ULTA Beauty/Hobby Lobby/Five Below/Academy Sports/ West Marine - Corporate NNN Leases
- Long-Term NNN Leases with 6.5-Year WALT, built-in rent increases, and renewal options provide stable income and inflation protection.
- Affluent, Growing Trade Area with 119K+ residents and $96K+ average household income, supporting strong consumer spending.
- Attractive 4.99% Interest-Only Loan with 10-year term, offering a strong 7.80% cash-on-cash return.
- Regionally Dominant Center with no direct competition for over 20 Miles, strong anchors, and high visibility on a 30K+ VPD retail corridor.
- 100% Leased, NNN Asset with national tenants, passive management, and modern 2018 construction minimizing expenses and vacancy risk.
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
- 1,296’ on Trent Road
- 1,229’ on Dr M.L.K. Jr Boulevard
AMENITIES
- Air Conditioning
LINKS
PROPERTY TAXES
| Parcel Numbers |
Multiple
|
Improvements Assessment | $27,044,700 |
| Land Assessment | $6,357,130 | Total Assessment | $33,401,830 |
PROPERTY TAXES
Parcel Numbers
Multiple
- 8-208-001
- 8-208-006
Land Assessment
$6,357,130
Improvements Assessment
$27,044,700
Total Assessment
$33,401,830
Listing ID: 36738865
Date on Market: 7/15/2025
Last Updated:
Address: 3511-3553 M L King Jr Blvd, New Bern, NC 28562
The Retail Property at 3511-3553 M L King Jr Blvd, New Bern, NC 28562 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS
NEARBY LISTINGS
- 3678 Neuse Blvd, New Bern NC
- 4422 US Highway 17 S, New Bern NC
- 1910-1912 Trent Blvd, New Bern NC
- 1904-1918 Dr. Martin Luther King Jr. Blvd, New Bern NC
- 223 Middle St, New Bern NC
- 1512 US Highway 70 E, New Bern NC
- 1309 Old Cherry Point Rd, New Bern NC
- BROAD STREET, New Bern NC
- 1831 Clarks Rd, New Bern NC
- 202 Craven St, New Bern NC
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