• 910-346-8218 | Jacksonville NC and the greater Eastern North Carolina area

    910-346-8218 | Jacksonville NC and the greater Eastern North Carolina area
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Commercial Real Estate in Eastern NC

1 properties found.

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Price: $2,500,000
MLS Number: 100434490
Year Built: 2016
Square Footage: 11000
Acres: 2.52
Listing Date: Mar 22, 2024
Sale or Lease: Sale
Pages: 1
1
100 Plank Bridge Road, Camden
$2,500,000
MLS Number:
100434490
Built:
2016
Sq Ft:
11000
Listing Date:
Mar 22, 2024
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.
Address: 100 Plank Bridge Road
City: Camden
State: NC
Zip: 27921
Area: N/A
Lot Size: 2.52 acres
Property Type: Commercial
Sub Type: Commercial,Food Service,Medical,Office,Retail,Shopping Center
Sale or Lease: Sale
Heating: Heat Pump
Cooling: Central
Listing Office: Rich Company

Commercial Real Estate in Eastern NC

Ray Properties is based in Jacksonville, North Carolina and is recognized for its outstanding quality and professionalism in the local commercial market. For more than 20 years, Ray Properties has been the local’s choice choice for individuals looking for commercial real estate in Eastern NC and coastal areas of North Carolina.

With our vast knowledge of the local real estate market, our real estate firm enjoys an excellent standing and success in the region.

Commercial Real Estate In Eastern NC

Ray Properties’ Expertise

When it comes to finding commercial real estate in coastal North Carolina, there are few real estate firms that can match the knowledge and expertise of Ray Properties. We have spent over two decades developing and refining our skills in commercial property, and our hard work has paid off. Ray Properties is now recognized as a premier real estate firm in the region. One of the aspects that distinguishes our company from all other real estate firms in the area is our focus on identifying properties with immense potential. We are experts at identifying properties that meet specific criteria such as high growth potential, primier locations, growing local economies, and properties with attractive financing options. Our extensive knowledge of the coastal area and real estate market is a significant factor in our success.

Our company understands that coastal North Carolina is in constant transition as a result of many people moving to the area yearly. As the population grows, so does the real estate industry. Consequently, Ray Properties has kept up with this demand as we have been able to meet the needs of businesses looking to move into the area to provied the goods and services that the swelling polulace needs. Ray Properties’ entrepreneurial nature and tailor-made solutions have enabled Ray Properties to create outstanding value while meeting the needs of our clients.

With the increasing exposure to environmental conservation, many businesses are looking to lease or buy commercial properties that have sustainable and eco-friendly features. Ray Properties is at the forefront of these eco-friendly projects, as we help clients find green and sustainable properties to fit their needs. This is a crucial factor that has made the company an industry leader.

 

Successful Commercial Projects

Ray Properties has been involved in numerous profitable real estate projects located in coastal North Carolina. As an example, Ray Properties assisted with the creation of a booming shopping center located in Wilmington, which has a variety of companies, such as Kroger, Ulta Beauty, Marshalls, and Kohl’s, to mention a few. With Ray Properties’ keen eye for potential, the shopping center was transformed to even greater heights and is now an perfect hub for retail businesses.

Another successful project that Ray Properties helped build was the Logistics Park in Brunswick County. This prime location is suitable for industrial companies, warehouses, and other logistics-oriented enterprises due to its vast area. Ray Properties made sure the fact that the infrastructure is excellent including ease of rail and shipping access.

Commercial Real Estate In Eastern NC

You Can Trust Ray Properties

Ray Properties’ experience in managing commercial real estate in Eastern NC has enabled several enterprises to relocate and capitalize on the area’s growing economy. The firm’s dedication to forging strong connections with businesses and stakeholders has contributed in nurturing trust and assuring reliability in the property industry of the region.

With an comprehensive grasp of the coastal North Carolina commercial property market, Ray Properties is still aiding companies in locating the perfect match for their business’s commercial investment.

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