1107 N Broad St | Edenton, NC 27932
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1107 N Broad St
Edenton, NC 27932
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- Convenient access to nearby educational institutions like the College of The Albemarle and John A. Holmes High School
- Stable and long-term investment opportunity
- Easily accessible from Highway 17
Executive Summary
±6,000 SF Free standing building on ±0.79 acres
Asking price: $1,382,000
Type of Ownership: Fee Simple
Lease Guarantor: Corporate
Lease Type: NN+
Roof and Structure: Landlord Responsibility
Term Remaining on Lease: 2 Years
Original Lease Term: 15 Years
Lease Commencement Date: 5/12/2008
Rent Commencement: 12/7/2008
Lease Expiration Date: 12/31/27
Options: (3) 5-Year Options
Asking price: $1,382,000
Type of Ownership: Fee Simple
Lease Guarantor: Corporate
Lease Type: NN+
Roof and Structure: Landlord Responsibility
Term Remaining on Lease: 2 Years
Original Lease Term: 15 Years
Lease Commencement Date: 5/12/2008
Rent Commencement: 12/7/2008
Lease Expiration Date: 12/31/27
Options: (3) 5-Year Options
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,124 SF
Building Class
B
Year Built
2008
Price
£1,107,673
Price Per SF
£181
Net Initial Yield
6.75%
NOI
£74,780
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
0.79 AC
Zoning
CH - Highway Commercial
Parking
30 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
147 ft on North Broad Street
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 7805-16-94-4538 | Improvements Assessment | £952,513 |
| Land Assessment | £47,489 | Total Assessment | £1,000,002 |
PROPERTY TAXES
Parcel Number
7805-16-94-4538
Land Assessment
£47,489
Improvements Assessment
£952,513
Total Assessment
£1,000,002
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