CAMDEN Houses for rent home - a commercial property ( beds, 4 baths)

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 Ga 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.This Houses for rent home is a commercial property located in CAMDEN. It offers in size, beds and 4 baths. Review its detailed information and determine if this CAMDEN Houses for rent has the qualities you are looking ...

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This property is offered for rent and/or lease directly by its owner. If you are interested in purchasing this property then you should contact the owner directly.

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