Commercial Business Space - Bailey Rd.

Shopping Center for Sale
Catylist Listing ID: 30338202
Property Subtypes: Strip Center
Building Size (RSF): 13,840 SF
Gross Land Area: 2.27 Acres
Sale Price: $2,300,000
Unit Price: $166.18 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: The Center at Bailey
Usable Size (USF): 13,840 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2019

Overview / Comments

This commercial space is located off of Fayetteville Rd. in Lumberton, NC.
Close to many other businesses, restaurants, shopping centers, Lumberton High School and Southeastern Regional Medical Center. You cannot miss this place as it is easily visible from the road. Also located right down the road form Lumberton is a well populated area, with lots of through traffic as it is located close to main highways such as I-95. The inside of the building is well kept.

Current Tenants

Tenant Business Name Cape Fear Valley Health System
Is Renting? Yes
SF of Space Occupied 7,685 SF
Current Rent $76,850 PSF (Annual)
Tenant Business Name Dominos Pizza
Is Renting? Yes
Current Rent $19,500 PSF (Annual)
Tenant Business Name Nail Trans
SF of Space Occupied 1,200 SF
Current Rent $16,800 PSF (Annual)
Tenant Business Name The Medical Imaging Center, LLC
SF of Space Occupied 3,450 SF
Current Rent $34,500 PSF (Annual)

Additional Details

Nearest MSA: Lumberton
County: Robeson
Taxing Authority: Robeson County
Tax ID/APN: 10090100501C
Zoning: C1
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Bailey Rd
Feet of Frontage: 232
Traffic/Vehicle Count: 15,000
Site Description: Retail/Medical/Commercial property
Area Description: Located near many other businesses
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 13,840 SF
Property Condition: Excellent
Year Built: 2008
Year Renovated: 2017
Roof Type: Flat
Parking Ratio: 27.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking lot located directly in front of the site.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Zoning Description: Commercial
Lot Frontage: 232
Lot Depth: 600
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 939299721900

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,657 23,471 35,800
Median Age: 34.71 37.07 35.5
Households: 999 9,057 13,136
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.