Skip To Content

100 Plank Bridge Road

Camden, NC 27921
  • $2,500,000
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: 100434490
UPDATED: 131 min ago
$2,500,000
  • 0
    BEDS
  • 2.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,000
    SQFT
  • $227
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
2016
County:
Area:

School Ratings & Info

Description

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.

Monthly Payment Calculator



Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-06-17T09:01:21.933.
www.mattmyatt.com/homes/148835443
Print Image

100 Plank Bridge Road Camden, NC 27921

  • Price: $2,500,000
  • Status: Active
  • On Site: 86 Days
  • Updated: 131 min ago
  • MLS #: 100434490
0
Beds
0
Baths
0
½ Baths
2.52
Acres
11,000
SQFT
$227
$/SQFT
2016
Built
Neighborhood:
N/A
County:
Camden
Area:
Camden
Property Description
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.
Exterior Features

Location Business ParkCent Business DistrictFreestandingGen Bus DistrictShopping Center Location Type Mainland Lot Description Level Lot Dimensions 348' x 462' x240' x 343' Number Of Parking Spaces 76 Parking Driveway AsphaltLightedOff StreetParking Lot Road Type Frontage 2 - 3 Lanes4+ LanesPublic (City/Cty/St) Roof FlatMembrane

Interior Features

Cooling System Central Heating System Heat Pump Sq Ft Apx Total 11000.00

Property Features

Airport 6 - 10 Miles City Limits Yes Cobra Zone No Commercial Sub Type CommercialFood ServiceMedicalOfficeRetailShopping Center Common Area Maintenance 4.50 County Highway Less than 5 Miles Current Use1 CommercialMedical/DentalOfficeRetail Federal Flood Ins Avlbl Yes Fuel Tank None Hoa YN No Insurance Expense 11332.75 Interstate 16+ Miles Lease Types Escalation ClauseNNN Net Operating Income 184112.62 New Construction No Occupancy 100.00 Port 16+ Miles Possession Subject To Tenant Rights Property Taxes 17604.73 Rail Less than 5 Miles Real Estate Taxes 17604.73 Sale Lease Includes BuildingsLand Sale Or Lease Sale State Highway Less than 5 Miles Stipulation Of Sale None Tax Year 2023 Terms 1031 ExchangeCashConventional Water Sewer City WaterMunicipal SewerNatural Gas Connected Zoning Comm. Core



Mid Carolina MLS logo Listing information © 2024 NCRMLS
Listing courtesy of Alex Rich of Rich Company: (252) 338-5432.


Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-06-17T09:01:21.933.
 
Logo
Keller Williams Realty OBX
5595 N. Croatan Highway
Southern Shores NC, 27949