1202 E Main St - Office FOR SALE


Havelock, NC 28532
$1,915,000 USD
704-228-1116
1202 E Main St, Havelock, NC for Sale
$1,915,000 USD
Office - FOR SALE
1/21
null | 8.45% Cap Rate

1202 E Main St
Havelock, NC 28532


OVERVIEW

Stable Cash Flow: Anchored by Peak Performance Sports & Physical Therapy, a strong regional medical tenant with 14 locations, on a new 10-year lease commencing May 2025. Diverse Tenancy: Current occupancy at 83%, with three tenants in place including medical, educational, and wellness uses, and one vacant suite offering lease-up potential. Long-Term Tenancy: Peak Performance, and Kidz Choice just signed 10 year leases, putting the WALT of occupied space to 8.69 years. Value-Add Opportunity: 2,600 SF of vacancy allows for additional rental income upside and improved overall yield. Favorable Market Fundamentals: Competitive price per square foot of $132.99 which is well below replacement cost. Close to MCAS Cherry Point: Minutes from one of the nation’s largest Marine Corps air stations, supporting over 23,000 military personnel and families and driving strong local demand.

FOR SALE DETAILS

PRICE

$1,915,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

8.45%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Peak Performance Physical Therapy

PROPERTY TYPE

Office

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

6-101-134

ASK ABOUT THIS PROPERTY

Paul TimmonsFranklin StreetMore Info
704-228-1116

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Paul TimmonsFranklin StreetMore Info
704-228-1116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.