19 Mckinley St Coats, NC 27521
- Banks
- 4,000 SF
- 0.65 lot acres
Current Use by Public Records
- ECLS / Contractor
- Rae-Tech Automation Inc. / Machine Shop
Property Details for 19 Mckinley St
- Year built
- 1984
- Lot size
- 0.65 lot acres
- Property size
- 4,000 SF
- Property type
- Banks
Description
This exceptional investment opportunity presents a 4,000 square foot office building in Coats, NC, currently occupied by ECLS Global Inc. under a 10-year net lease with three 5-year renewal options. The property boasts a strong 9% cap rate and a $100,000 annual net operating income (NOI), with a 2% annual rent increase built into the lease. Located at 19 N McKinley St, on a 0.65-acre lot, the building features 34 parking spaces and is situated on a main thoroughfare in a rapidly growing area of Harnett County, approximately 25 miles south of Raleigh. Built in 1984, this fee-simple property offers a secure, passive investment with no landlord responsibilities. The tenant, ECLS Global Inc., is a well-established surveying and engineering firm with a proven track record. The sale is structured as a sale-leaseback, ensuring immediate cash flow upon closing. This is a rare opportunity to acquire a stable, high-yielding investment in a thriving North Carolina market. The asking price is $1,111,000, translating to $277.75 per square foot. The property's strong tenant, long-term lease, and attractive financial metrics make it an ideal addition to any investment portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coats
- County
- Harnett
- State
- North Carolina
- Longitude
- -78.672667
- Latitude
- 35.4081765
