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100 Plank Bridge RoadCamden, NC 27921

  • Retail
  • $2,500,000
  • 11,000 SQFT

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.

Last Checked
1 minute ago
Last Updated
Mar 22, 2024
Days on Website
198

Property Details for 100 Plank Bridge Road

100 Plank Bridge Road is a retail, other, shopping_center, office, medical, food_service commercial space for sale in Camden, NC 27921.

All

Alex Rich

Rich Company

252-256-1279

Please contact Alex Rich at Rich Company direct by phone at 252-256-1279. You may also reach Rich Company by phone at 252-338-5432.

Listing Provider for 100 Plank Bridge Road

Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Agent:
Alex Rich
Agent Phone Number:
252-256-1279
Office:
Rich Company
Office Phone Number:
252-338-5432
MLS ID:
100434490
Data Source:
North Carolina Regional MLS
Last Checked:
1 minute ago
Last Updated:
March 22, 2024 8:50 PM UTC
Days on Site:
198
North Carolina Regional MLS