Viewing Listing MLS# 100434490
Camden, NC 27921
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 11,000SqFt
- 2016Year Built
- 2.52Acres
- MLS# 100434490
- Commercial
- G
- Active
- Approx Time on Market7 months, 18 days
- AreaCamden (27921)
- CountyCamden
- Subdivision N/A
Overview
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.
Baths Info
Building Info
Year Built: 2016
New Construction: No
Roof: Flat, Membrane
Exterior Features
Fuel Tank: None
Financial
Asking Price Text: $2,500,000
Tax Assessed Value: 36837
Total Property Taxes: 17604.73
Tax Year: 2023
Stipulation Of Sale: None
List Pricesqft: 227
Financial Info Net Operating Income: 18411
Financial Info Cap Rate: 7.36
Financial Info Real Estate Taxes: 17604
Financial Info Insurance Expense: 11332
Financial Info Common Area Maint: 4.50
Terms: 1031 Exchange,Conventional,Cash
HOA Info
Hoa: No
Interior Features
Lot Info
Lot Sqft: 109,771
Lot Dimensions: 348' x 462' x240' x 343'
Acres: 2.52
Location: Business Park, Shopping Center, Freestanding, Gen Bus District, Cent Business District
Lot Description: Level
Road Type: 2 - 3 Lanes, Public (City/Cty/St), 4+ Lanes
Misc Features
Special Assessments: N/A
Miscellaneous Occupancy: 100.0
Misc Info
Federal Flood Ins Avlbl: Yes
Roadtrans Access Rail: Less than 5 Miles
Roadtrans Access Interstate: 16+ Miles
Roadtrans Access Port: 16+ Miles
Roadtrans Access County Highway: Less than 5 Miles
Roadtrans Access Airport: 6 - 10 Miles
Roadtrans Access State Highway: Less than 5 Miles
Parking Info
Parking: 76
Parking Driveway: Asphalt, Parking Lot, Off Street, Lighted
Property Features
Property Info
County: Camden
Cobra Zone: No
Zoning: Comm. Core
Subdivision Original: N/A
Marketing City: City of Camden
City Limits: Yes
Sign On Property: Yes
Class Type: G
Restrictions
Sale / Lease Info
Sale Lease: Sale
Lease Types: Escalation Clause,NNN
Possession: Subject To Tenant Rights
Sale Lease Includes: Buildings,Land
Schools
SqFt Info
Sqft: 11,000
Sqft Total: 11,000
Unit Info
Num Units: 5
Utilities /HVAC
Cooling System: Central
Heating System: Heat Pump
Water Sewer: City Water, Municipal Sewer, Natural Gas Connected
Courtesy of Rich Company
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