Edenton Peanut Mill office restoration 401 E Church Street $ 1,750,000.00
Edenton Peanut Mill office restoration 401 E Church Street
$ 1,750,000.00Incredibly restored in 2004-2005 this former Edenton Peanut Mill, now a 5 story office building 17,804 sq ft gem of a property w/7.5% cap rate. Fully leased to a gym on the bottom floor and an accounting firm leases floors 2-5. LL pays taxes and insurance of $26,200 tenants pay $161,947/yr in 2020 (NOI $135,947) […]
1111 Halstead Blvd Tractor Supply Elizabeth City $ 941,066.00
1111 Halstead Blvd Tractor Supply Elizabeth City
$ 941,066.00Income producing Tractor Supply location in Elizabeth City available for sale at a 9.0% cap rate. Tractor Supply has been here since I did their initial lease in 2010 and they renewed in January of 2021 through January 31 2023. Annual rental income is $84,696, NN lease. Building is 20,000 sq ft on 4 acres […]
13% cap Medical Office 201 Virginia Road Edenton NC $ 911,000.00
13% cap Medical Office 201 Virginia Road Edenton NC
$ 911,000.00Income producing 9,622 sq ft medical bldg in front of the Hospital in Edenton. Vidant has leased the bldg since 2009, current rent $142,817/yr with $24,362/yr expenses making the NOI $118,455. Current price gives this property an incredible 13% cap rate! Lease has CPI index rent increase ability annually that was just exercised for the […]
Halstead Blvd Shopping Center fully leased $ 695,000.00
Halstead Blvd Shopping Center fully leased
$ 695,000.00Fully leased 8424 sq ft shopping center for sale on Halstead Blvd, 0.839 acres. Current Tenants include Cycle Gallery (part owner/seller), Tae Kwon-Do Studio, and Tina’s Nails. Annual gross income $78,000/year, Net Operating Income of $66,615.65 making this sale a 9.5% cap rate. Central electric HVAC, 0.839 acre lot with parking in the front and […]
5952 sq ft Restaurant building Elizabeth City $ 675,000.00
5952 sq ft Restaurant building Elizabeth City
$ 675,000.005952 sq ft restaurant building on 1.296AC with 62 parking spaces available for sale. Current tenant (who has an option to purchase it) Villa Restaurant’s lease runs out September 30 2022. Showings can be done on Mondays only. Building was built in 1986 as a Shoney’s prototype. One of the best locations in Elizabeth City, […]
Kenyon Bailey Supply property available for sale or long term lease. 12,800 sq ft building plus 300 sf of greenhouses on 2.326 acres on McArthur Street in EC. Versatile building has a large 6,576 sf showroom, 1,200 sf of offices, 1,440 sf cafe with very nice 640 sf commercial kitchen, indoor and outdoor seating areas, […]
8280 sq ft medical bldg built in 2000 located on Hwy 17 just 2 miles N of Sentara Albemarle Hospital. Just N of City limits means no City taxes and no expensive City Electric rates. Building has N wing vacant currently so NOI is $16,317/yr but fully occupied NOI increases to $48,717/yr.
Fully leased 3,346 sq ft medical building behind Hospital in Edenton. Vidant pays $14.25/sq ft NNN. Lease began 5/1/2012 and expires 6/30/2024. Tenant renewed for 3 years instead of 1 year option in 2014, 2018, & 2021. NOI of $46,519.05 using 2018-2020 expenses (12.39% cap rate) or $43,164.46 using 2015-2020 expenses (11.5% cap rate). HVAC […]
710 W Ehringhaus stoplight corner 3425 sf bldg $ 342,500.00
710 W Ehringhaus stoplight corner 3425 sf bldg
$ 342,500.00Incredible property at stoplight corner of Ehringhaus & Selden Streets, 3425 sf bldg, 16 parking spaces, much more! Across from Bojangles & Sonic.
11% cap Office 106 E King Street Edenton NC $ 261,818.00
11% cap Office 106 E King Street Edenton NC
$ 261,818.00Income producing historic office property in Downtown Edenton for sale with an 11% cap rate. Tenant is a CPA firm whose current lease runs through October 31 2025 with a renewal option of 36 months. Tenant pays $28,800 per year in rent (adjusts with the CPI every August) plus utilities taxes, insurance, and repairs except […]
Shopping Center Caratoke Hwy in Grandy NC $ 249,000.00
Shopping Center Caratoke Hwy in Grandy NC
$ 249,000.00Condominiumized Shopping Center for sale on Caratoke Hwy in Grandy. 7 of the 9 units offered for sale. 3 units are currently vacant. 4 tenants bring in $32,200/year gross, $16,559.02 NOI. Ample road frontage, 18,000 daily traffic count, multiple curb cuts. Roof and many HVAC units are new, county water, 2 septic tanks. Monitoring wells […]
