±9.15 AC COMMERCIAL PROPERTY FOR SALE ON YADKIN ROAD

PRICE: $4,950,000 Water: PWC • Sewer: PWC • Electricity: PWC • Zoning: CC - Community Commercial • Frontage: 298+/- • Broker: Michael Paschal     Tel: (910)527-5990 Legal description: SUMMERHILL PLAZA LO:3 SE:01 PL:0091-0183

Description:

This property is comprised of ±42,255 SF of retail space, plus an additional ±3.8-acre vacant commercial tract. There are a total of 16 tenants, mostly on short term leases. The CAP Rate is 7.5 %. The property has great visibility and access. Historical occupancy rates are close to 100% and many tenants have been there for decades. Site improvements include asphalt paving, concrete walks, fencing, pole signage, landscaping, numerous curb cuts, and generous parking. Public utilities. Total acreage is ±9.15.
 

Attachments:

Property Flyer NOI

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