Kinston Bank Branch For
For Sale
$1,357,000
1900 W Vernon Avenue, Kinston, NC 28504
NNN leased bank branch on a prime corner lot.
Property Size7,878 SF
Price / SF$172.25
Days on Market346
Property Features for 1900 W Vernon Avenue
General Information
Standard status
Active
Size
7,878 SF
Property subtype
Investment
Building Details
Building Size
7,878 SF
Year Built
1977
Listing Agency:
Lee & Associates - Raleigh Durham
(919) 616-0066
Listed By:
Jake Plotkin · License #257898
(919) 616-0066
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Aug 19
Last Checked: Aug 20 at 5:46AM
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 Lee & Associates - Raleigh Durham
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 28%
Groceries 21%
Apparel 11%
Food Lion Grocery Store
Groceries
23,639 visits/mo
0.4 miles
Circle K
Shops & Services
13,485 visits/mo
0.1 miles
Belk
Apparel
13,000 visits/mo
0.2 miles
State Employees Credit Union
Shops & Services
9,882 visits/mo
0.4 miles
Taco Bell
Dining
9,619 visits/mo
0.1 miles
Demographics for 28504, NC
20,180
Population
9,355
Households
2.2
Avg Household Size
45
Median Age
18%
College-Educated
84%
High-School Grad
121.1 sq mi
ZIP Area
167
Density / Sq Mi
$50,650
Median Household Income
$35,717
Median Earnings
$905
Median Rent
$124,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
