1227 Brentway Ave - Freestanding FOR SALE


Williamston, NC 27892
$1,325,000 USD
919-291-6282
1227 Brentway Ave, Williamston, NC for Sale
$1,325,000 USD
Freestanding - FOR SALE
1/4
null | 6.84% Cap Rate

1227 Brentway Ave
Williamston, NC 27892


HIGHLIGHTS

  • Single-tenant NN lease with strong credit tenant in place until April 2031.
  • CAP Rate: 6.84%
  • NOI: $90,651
  • Positioned along US Highway 17 with strong visibility.
  • Surrounded by national retailers including Walmart, Walgreens, and Dollar Tree.

OVERVIEW

This single-tenant property offers an investment opportunity with a well-established national tenant, MyEyeDr., operating under a NN lease structure. The property is priced at $1,325,000 with a cap rate of 6.84%, generating an annual NOI of $90,651. Situated along US Highway 17 with visibility to over 10,000 vehicles per day, the site benefits from strong traffic exposure and proximity to major retailers including Walmart, Walgreens, Taco Bell, and Murphy USA. The tenant, MyEyeDr., provides comprehensive eye health services and boasts a strong national presence with over 500 locations in 32 states. The current lease runs through April 30, 2031, featuring 2% annual rental increases. This stability, combined with limited landlord responsibilities, ensures consistent income generation for investors. The 1.19-acre parcel includes a well-maintained 3,748 SF building constructed in 2009, surrounded by ample parking and enhanced landscaping. Positioned less than one mile from Downtown Williamston, the property is supported by surrounding residential communities and a robust retail trade area.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$354 USD /SF

CAP RATE

6.84%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MyEyeDr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

Commercial

APN/PARCEL ID

0505804

ASK ABOUT THIS PROPERTY

Charles Lanier, MBALee & AssociatesMore Info
919-291-6282

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Charles Lanier, MBALee & AssociatesMore Info
919-291-6282

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