Net-Leased Retail
For Sale
Contact for pricing
Pending
519 MORGAN RD, Eden, NC 27288
For sale net-leased retail storefront with a recently extended lease term.
Property Size10,640 SF
Days on Market56
Property Features for 519 MORGAN RD
General Information
Standard status
Pending
Size
10,640 SF
Property subtype
Retail
Building Details
Year Built
2010
Listing Agency:
CBRE - Saddle Brook
Listed By:
Karly Iacono · License #NJ 0345216
Source:
Crexi
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 24 at 5:27PM
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 CBRE - Saddle Brook
Investment Insights
Based on property information with market context.
This retail storefront property is offered for sale on an absolute net basis. The current tenancy has a recent lease extension, providing continuity for an investor looking at a stabilized net-leased retail asset.
The property is located at 519 Morgan Rd in Eden, North Carolina. As presented, there are no additional building or site configuration details included in the materials beyond the property being a retail storefront type.
From an underwriting and fit standpoint, the absolute net structure and the noted lease extension are the primary considerations. This offering may align with buyers seeking a retail investment where the lease has been extended and the operating expense responsibilities are set under an absolute net framework. Prospective buyers and tenant representatives should review the lease documentation and extension terms directly to confirm the schedule, rent structure, and other obligations associated with the absolute net arrangement.
The property is located at 519 Morgan Rd in Eden, North Carolina. As presented, there are no additional building or site configuration details included in the materials beyond the property being a retail storefront type.
From an underwriting and fit standpoint, the absolute net structure and the noted lease extension are the primary considerations. This offering may align with buyers seeking a retail investment where the lease has been extended and the operating expense responsibilities are set under an absolute net framework. Prospective buyers and tenant representatives should review the lease documentation and extension terms directly to confirm the schedule, rent structure, and other obligations associated with the absolute net arrangement.
Key Highlights
- Net‑leased retail storefront for sale
- Year built: 2010
- Recently extended lease term
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $15.00 |
| − Vacancy | −$10.0k | −$0.94 |
| EGI | $149.6k | $14.06 |
| − OpEx | −$44.9k | −$4.22 |
| NOI | $104.7k | $9.84 |
10,640 SF · lease $15.00/SF/yr · vacancy 6.29% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.74M
NOI $104,693 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,558 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,982 visits/mo
0.1 miles
Demographics for 27288, NC
23,375
Population
11,127
Households
2.1
Avg Household Size
45
Median Age
13%
College-Educated
85%
High-School Grad
71.4 sq mi
ZIP Area
327
Density / Sq Mi
$53,081
Median Household Income
$36,743
Median Earnings
$828
Median Rent
$129,200
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?
Retail space - For sale net-leased retail storefront with a recently extended lease term.
Where is this retail space located?
The property is located at 519 MORGAN RD Eden, NC.
What is the asking price?
The asking price for this property is $1,327,040.
What are key features of this property?
This property features: Net‑leased retail storefront for sale; Year built: 2010; Recently extended lease term
