• 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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Investment Property 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

Investment Property in Eastern NC

Our real estate firm has a home office in Jacksonville, North Carolina and is known for its excellent quality and professionalism in the local business market. With over 20 years of experience, our company has been the local’s choice choice for people seeking investment property in Eastern NC or coastal areas of North Carolina.

With our vast knowledge of the regional real estate industry, our company enjoys a great reputation and success in the region.

Investment Property In Eastern NC

Ray Properties’ Expertise

When it comes to finding investment property 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 perfecting our skills in commercial property, and effort has paid off. Ray Properties is now recognized as a reliable and successful real estate firm in the region. One of the aspects that distinguishes Ray Properties from all other real estate firms in the area is our focus on picking out properties with immense upside. We are experts at finding properties that meet specific criteria such as high growth potential, prime locations, strong local economies, and properties with attractive financing options. Our extensive knowledge of the coastal region and real estate market is a significant factor in our success.

Ray Properties understands that coastal North Carolina is in constant transition as a result of many people moving to the area yearly. As the population increases, so does the real estate industry. Consequently, the company 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 growing population demands. Ray Properties’ entrepreneurial nature and tailor-made solutions have enabled Ray Properties to create meaningful value while meeting the needs of our clients.

With the increasing awareness of environmental conservation, many companies are looking to lease or buy commercial properties that have sustainable and eco-friendly features. The company 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 Ray Properties an industry leader.

 

Successful Commercial Projects

Ray Properties contributed to many successful real estate projects in coastal North Carolina. For example, Ray Properties facilitated in the development of a booming shopping center located in Wilmington, which has several companies, including Kroger, Beauty Express, Ross, and Michaels, to mention a few. Due to Ray Properties’ keen eye for potential, the mall was transformed to be an exceptional and is now an perfect location for retail businesses.

Another successful project that Ray Properties helped establish was the Logistics Park in Brunswick County. This business destination is perfect for manufacturing companies, warehouses, and other logistics-oriented enterprises due to its extensive space. Ray Properties ensured the fact that the infrastructure is excellent including convenient rail and shipping access.

Investment Property In Eastern NC

You Can Trust Ray Properties

Ray Properties’ knowledge in dealing with investment property in Eastern NC has helped countless businesses to move and take advantage of the area’s thriving economy. The firm’s dedication to establishing solid relationships with organizations and interested parties has contributed in nurturing trust and assuring reliability inside the property sector of the area.

With an comprehensive comprehension of the coastal North Carolina commercial property market, our firm is still aiding enterprises in locating the perfect fit for their commercial property.

  • Contact Ray Properties

    3684-B Henderson Drive
    Jacksonville, NC 28546

    910-346-8218

    biz@rayproperties.com

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