Long-Term Investment Opportunity

124 Virginia Dare, Henderson, NC 27537

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For Sale

$130,000

Cell tower investment property with long-term lease.

Type:Land or Vacant Lot

Lot size:

0.23 Acres

HighLights

Long‑term investment opportunity with existing cell tower
Lease in place through June 2081
Future rent based on CPI data
6. 5% cap rate
Cell tower in place
Current appraisal available

We can help!

Listing Contact

KAREN STAINBACK

For Sale

$130,000

Cell tower investment property with long-term lease.

Type:Land or Vacant Lot

Lot size:

0.23 Acres

Added:: Sep 10, 2024
Days on Market:: 649
Last Refresh:: Apr 5 at 11:16 pm

Property Features for 124 Virginia Dare

General Information

Standard status: Active
Lot size: 0.23 Acres
Property subtype: Land or Vacant Lot

We can help!

Listing Contact

KAREN STAINBACK

Listing agent KAREN STAINBACK License #176212

Listing office COLDWELL BANKER ADVANTAGE HEND

Listing date Sep 10, 2024

Source Corcoran

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 COLDWELL BANKER ADVANTAGE HEND

HighLights

Long‑term investment opportunity with existing cell tower
Lease in place through June 2081
Future rent based on CPI data
6. 5% cap rate
Cell tower in place
Current appraisal available

Overview

This property presents a long-term investment opportunity with a cell tower already in place. The property is currently leased through June 2081. Future rent adjustments are based on the Consumer Price Index (CPI) data. Based on a current appraisal and market uncertainty, a 6.5% capitalization rate is considered reasonable.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Henderson
County: Vance
State: North Carolina
Longitude: -78.3442
Latitude: 36.3361

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For sale
Commercial land
NC
Henderson
27537
124 Virginia Dare

What type of property is this?

Commercial land - Cell tower investment property with long-term lease.

Where is this commercial land located?

The property is located at 124 Virginia Dare Henderson, NC.

What is the asking price?

The asking price for this property is $130,000.

What are key features of this property?

This property features: Long‑term investment opportunity with existing cell tower; Lease in place through June 2081; Future rent based on CPI data

124 Virginia Dare, Henderson, NC 27537

Cell tower investment property with long-term lease.

Property Features for 124 Virginia Dare

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Auto Body Shop

Former Hotel and Apartment Redevelopment

Income-Producing Duplex with Recent Updates

Commercial Land in Henderson, NC

Single-Family Rental Portfolio with Vacant Lot

Rental Portfolio with Single-Family Homes

Single-Family Rental Portfolio Package

Residential Rental Portfolio with Vacant Lot

Single-Family Rental Portfolio

Waterfront Lot in Gated Community

Kerr Lake Waterfront Land

Commercial Property in Henderson, NC

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