100 Plank Bridge Road , Camden, NC 27921
Camden, NC 27921
Description
Fully leased Shopping Strip Center in the heart of Camden with a current CAP rate of 7.36%. Built in 2016 with Central Sewer and Natural Gas in the heart of lovely Camden, NC. Five units from 1,662-3,000 sq ft for a total of 11,000 sq ft with 76 parking spaces on 2.52AC listed for $1.1M below tax value. Tenants include Chesapeake Regional Medical Center, Todds Pharmacy (which is closed and subleased to a Church but Todd's lease is still in force through the end of 2027), Jack & Jenny's Pizza Company, Hungry Panda, and Waterfall Blossom Cafe. Gross Income is currently $180,550 ($15.22-$17.31 per sq ft) and all leases are NNN with $4.50 per square foot TICAM charges and the lease rates all increase between 2%-3% annually. CAP rates will increase by about 0.2% annually assuming no vacancies and no increases in expenses. Room to build an additional +/-3,500 sq ft between the existing building and Hwy 343 with parking lot and landscaping in place for the expansion area.
Details
| Mls | 100434490 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 2016 |
| Days On Site | 257 |
| Listing Provided By | Rich Company | Alex Rich |
Features
| Sq Feet | 11,000 |
|---|---|
| Zoning | Comm. Core |
| Acreage | 2.52 |
Market Activity 27921
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Learn More About This Property
| State | NC |
|---|---|
| County | Camden |
| City | Camden |
| Zip Code | 27921 |
| Area | Camden |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $2,500,000 low | high Med: $249,000 SqFt: 11,000 low | high Med: 1,445 $ / SqFt: $227 low | high Med: $174 On Site: 257 low | high Med: 195.500000 | |