100 Gardner Farm Ln Currituck, NC 27929
- Retail properties
- 10,532 SF
- 2.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 100 Gardner Farm Ln
- Year built
- 2022
- Lot size
- 2.00 lot acres
- Property size
- 10,532 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
Exceptional investment opportunity in Currituck, NC, featuring a vacant 10,532 square foot Class A grocery store building on a 2-acre lot. Built in 2022, this property boasts modern amenities including LED lighting, four Carrier HVAC units with natural gas, a sprinkler system, a dumpster corral, a pylon sign, and 37 parking spaces with LED lighting. The building offers a large retail floor space of approximately 8,500 square feet, two restrooms, an office, and rear warehouse/storage. The property is zoned for General Business and features a metal roof. The asking price is $1,975,000, representing a 6.83% cap rate with a current NOI of $134,925. A 10-year NNN lease with 8 years remaining was previously in place with a national tenant. The seller reserves the right to buy out the remaining lease for $1,135,000. This turnkey property presents a unique opportunity for owner-occupancy or lease to a new tenant. The property's address is 100 Gardner Farm Ln, Currituck, NC 27929. The APN is 0050000125B0000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Currituck
- County
- Currituck
- State
- North Carolina
- Longitude
- -76.0213
- Latitude
- 36.4491
