$2,500,000
( $227.27Per Sq Foot )
 $13,041 forsale estimated payment Sourced by Back At You

100 Plank Bridge Road , Camden, NC 27921

Camden, NC 27921

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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

Mls100434490
Listing TypeFor Sale
SubtypeResale
StatusActive
Year2016
Days On Site259
Listing Provided ByRich Company | Alex Rich

Features

Sq Feet11,000
ZoningComm. Core
Acreage2.52

Market Activity 27921

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Listings Checked: 4 minutes ago
StateNC
CountyCamden
CityCamden
Zip Code27921
AreaCamden
Community NameN/A
Listing VS Median (in N/A)
Price:
$2,500,000
low | high
Med:
$249,000
100% of Average
SqFt:
11,000
low | high
Med:
1,445
100% of Average
$ / SqFt:
$227
low | high
Med:
$174
73.50027407749% of Average
On Site:
259
low | high
Med:
197.500000
100% of Average
Sourced by Back At You
Listing Updated: November 26, 2024 at 6:20:39 AM PST