1900 W Vernon Avenue Kinston, NC 28504

Building Details

Year Built

1977

Listing agency j***@lee-associates.com Show Phone

Listed by Jake Plotkin Show Phone

Source Lee-associates

Added: Sep 10, 2025 Updated: Jul 6 at 8:03AM Checked: Jul 22 at 5:36AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jake Plotkin

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Investment Insights

Based on property information with market context.

This 7,878 square foot bank branch is situated on a 1.28 acre lot and is 100% leased to a single tenant. The property is located on a prime hard corner across the street from the Vernon Park Mall in Kinston, along Business 70, a core commercial road with a traffic count of 18,500 cars per day. The absolute NNN lease, guaranteed by United Bank through 9/30/2028, includes 10% rent increases at the option periods. United Bank has approximately $30 billion in assets. Prior to being acquired by United Bank, this branch served as a consolidated location of two First South Banks that were located in Kinston. Nearby retailers include Wells Fargo, BB&T, Dollar General, Belk, the DMV, State Employees Credit Union, Exxon, Pizza Hut, KFC, and Taco Bell. The building is located in Downtown Kinston with numerous walkable amenities nearby including restaurants, breweries, and historical attractions. The property has two (2), five (5) year options with 10% bumps. The Net Operating Income (NOI) is $95,000 with a cap rate of 7%.

Key Highlights

• Absolute NNN lease guaranteed by United Bank through 9/30/2028.
• Prime hard corner location across from Vernon Park Mall on a major commercial road with 18,500 cars per day.
• Oversized 1.28 acre lot with a 7,878 SF building.

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FAQs

What type of property is this?

Bank - NNN leased bank branch on a prime corner lot.

Where is this bank located?

The property is located at 1900 W Vernon Avenue Kinston, NC.

What is the asking price?

The asking price for this property is $1,357,000.

What are key features of this property?

This property features: Absolute NNN lease guaranteed by United Bank through 9/30/2028.; **Prime hard corner location** across from Vernon Park Mall on a major commercial road with 18,500 cars per day.; Oversized 1.28 acre lot with a 7,878 SF building.