2523 Castle Hayne Rd
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2523 Castle Hayne Rd
7,500 SF Retail Building Wilmington, NC 28401 $1,000,000 ($133/SF) 4.95% Cap Rate
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
$1,000,000
Price Per SF
$133
Cap Rate
4.95%
NOI
$49,500
Tenancy
Single
Building Height
1 Story
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 | $829,200 |
| Land Assessment | $116,800 | Total Assessment | $946,000 |
PROPERTY TAXES
Parcel Number
R03300-001-056-000
Land Assessment
$116,800
Improvements Assessment
$829,200
Total Assessment
$946,000
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2523 Castle Hayne Rd
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