Single Tenant Investment
5073 US Highway 158
Advance, NC 27006
This is being sold as an investment. Current business is thriving and tenant plans to remain at this location at this time. Potential buyer’s should not approach current tenant as this may cause disruption to daily operations. All inquiries and property tours should be coordinated through the Listing Agent.
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Property Details
Building SF ± 4,000 Office SF ± 800 Year Built 2005 Restrooms ± 2 Flooring Tile/Cement Roof Asphalt Bldg Exterior Steel Acres ± 0.51 Ceiling Height ± 16' Parking ± Asphalt -
Utilities
Electrical Duke Energy Water Municipal Sewer Septic (City Available) Heat Electric -
Taxes
Zoning GB Tax Pin 5872212902 -
Pricing & Terms
Price $525,000.00 Price/SF $131.25 Tax Value $266,730.00
Commercial investment with established long-term tenant with thriving business. Perfect mid-range investment with an estimated 7.25% Cap Rate in an area with median household incomes over $96,000.
- Estimated 7.25% Cap Rate
- Tenant responsible for the utilities, insurance, janitorial and landscaping/snow removal
- Quality steel construction and asphalt drive/parking
- Recently replaced HVAC will decrease landlord expenses in the next 10-15 years
- Building site has been raised and not required to have flood insurance
- Storage/inventory area (+/- 700 SF) located above office
- General Business zoning allows for a variety of uses
- 1 mile median income is $96,994 and over 1,000 households
- 1-3 mile median income is $88,757 and over 4,300 households
