5530 Highway 24 - Convenience Store FOR SALE


Newport, NC 28570
$1,025,000 USD
252-222-3222
5530 Highway 24, Newport, NC for Sale
$1,025,000 USD
Convenience Store - FOR SALE
1/1
null | 6.05% Cap Rate

5530 Highway 24
Newport, NC 28570


HIGHLIGHTS

  • High Traffic area
  • ~ 2 miles from Emerald Isle Bridge
  • Strong Construction Growth in Area

OVERVIEW

Coastal Location, Eastern NC. Located on Hwy 24 ~2 miles from the Emerald Isle / Hwy 58 Bridge Intersection. Located on the main Hwy connection Jacksonville, Swansboro area to Morehead City, NC and 22 miles of White Sand Beaches. Growth area, 5 lane highway with excellent visibility. Extensive residential development forecasted in general area. Lease extends through 1/31/2030 with (3) 5 year extensions. Recent lighting package upgrade and landscaping. New HVAC Fall 2023

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Cape Carteret Hwy 24 - NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

CH

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matt JohnsonRE/MAX Ocean PropertiesMore Info
252-222-3222

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Matt JohnsonRE/MAX Ocean PropertiesMore Info
252-222-3222

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