1403 Broad Street Extension
Oriental, NC
Retail for Sale - $770,000 - 9,014 Sq. Ft. on 1.61 acres
Property Info
| CIMLS# | 646875 |
| Location 1403 Broad Street Extension Oriental NC 28571 | |
| Updated | August 25th, 2014 |
| Type | Retail |
| Price | $770,000 |
| Building | 9,014 Sq. Ft. |
| Land | 1.61 acres |
Property Description
Bull Realty is pleased to offer "FOR SALE" this Dollar General in Oriental, North Carolina, located in the eastern, coastal part of the state approximately 28 miles east of New Bern. This single tenant net lease property has a NN lease ending in November 2018 with five 5 year renewal options each with 10% rent bumps. This established and successful offering is priced at a 9.5% cap rate with an annual net income of $73,080.
The subject property is a +/- 9,014 sq ft, single tenant building situated on a +/- 1.61 acre site. The closest completion is ten miles away in Alliance, NC. Within a 10-mile radius, the population is 19,237 and has an average household income of $56,270.
Oriental is a one of nine small towns in Pamlico County, North Carolina. Known as