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 Market59
Property Features for 519 MORGAN RD
General Information
Standard status
Pending
Size
10,640 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Building Details
Year Built
2010
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE - Saddle Brook
Listed By:
Karly Iacono · License #NY 10401274993
Source:
Crexi
Added: Jun 11
Changed: Aug 8
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,693
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,093,860
$2.1M
Cap Rate 7%
$1,495,614
$1.5M
Cap Rate 9%
$1,163,256
$1.2M
Market Conditions
NOI Build-Up for 10,640 SF
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.
Gross rent
$159.6K $15.00/SF
− Vacancy
−$10.0K −$0.94/SF
EGI
$149.6K $14.06/SF
− OpEx
−$44.9K −$4.22/SF
NOI
$104.7K $9.84/SF
Area
Rockingham County, NC
Vacancy
6.29%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,093,860
Cap Rate 7%
$1,495,614
Cap Rate 9%
$1,163,256
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
