1900 Vernon Ave Kinston, NC 28504

This exceptional retail investment opportunity presents a 7,878 square foot, two-story bank building situated on a 1.28-acre lot in Kinston, North Carolina. Located at 1900 W Vernon Ave, this property boasts a 100% occupancy rate with an absolute NNN lease in place, guaranteeing no landlord responsibilities. The current tenant, United Bank (a bank with approximately $30 billion in assets), has a lease extending through September 30, 2028, with two five-year renewal options including 10% rent increases. The property generates a strong net operating income (NOI) of $95,000, resulting in a 7.0% capitalization rate at the asking price of $1,357,000. Built in 1977, the building is zoned B-1 and benefits from a high-traffic location on a major corridor with 18,500 cars passing daily. The property's prime downtown Kinston location offers convenient access to numerous amenities, including restaurants, breweries, and historical attractions. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential. The property's parcel number is 12190.