3511-3553 M L King Jr Blvd | New Bern, NC 28562
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- LoopNet Team
3511-3553 M L King Jr Blvd
New Bern, NC 28562
New Bern Marketplace-Super Regional Power Ctr · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 6 National Credit Tenants / Stable & Dominant Retail Anchors / 100% Leased - Ease of Management
- Part of Super Regional Power Center Co-Anchored by 99,839 SF Harris Teeter
- No Competition within 20 to 30 miles.
- Attractive Loan Assumption at 4.99% Interest Rate. High Yield 7.8% C/c Return. I/O Loan.
- Affluent & Growing Trade Area / $96,000 AHHI
- Below Replacement Cost / Only $160 PSF
PROPERTY FACTS
Property Type
Retail
Property Subtype
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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