2523 Castle Hayne Rd
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2523 Castle Hayne Rd
7,500 SF Retail Building Wilmington, NC 28401 £795,520 (£106/SF) 4.95% Net Initial Yield
Investment Highlights
- Local income property with a national tenant.
- Dollar General building near theMcDonald’s at the intersection of Castle Hayne Road and North Kerr Avenue.
Executive Summary
Local income property with a national tenant. This offering is a Dollar General building near the McDonald's at the intersection of Castle Hayne Road and North Kerr Avenue. Dollar General has already exercised a renewal option for this location. Although not a net lease, this offering features a national tenant in a freestanding building with excellent street visibility in a rapidly growing area of the county.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,500 SF
Building Class
C
Year Built
1998
Price
£795,520
Price Per SF
£106
Net Initial Yield
4.95%
NOI
£39,378
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
0.91 AC
Zoning
B-2 - Zoned B-2 In New Hanover County
Parking
38 Spaces (5.07 Spaces per 1,000 SF Leased)
Frontage
162 ft on Castle Hayne Rd
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R03300-001-056-000 | Improvements Assessment | £652,456 |
| Land Assessment | £91,904 | Total Assessment | £744,360 |
PROPERTY TAXES
Parcel Number
R03300-001-056-000
Land Assessment
£91,904
Improvements Assessment
£652,456
Total Assessment
£744,360
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2523 Castle Hayne Rd
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