Listed by Cape Fear Commercial
$3,100,000
Havelock shopping center
Details
APN 2070939
Property Type Retail
Sub Type Shopping Center
Square Footage 45,500
Cap Rate 7.33%
NOI $227,239
Occupancy 96.5%
Pro-Forma Cap Rate 8.92%
Pro-Forma NOI $276,582
Year Built 1963 & 1968
Acreage 4.950
Zoning HC (Highway Commercial)
Ground Lease No
Retail | 7.33% CAP | 45,500 SqFt
Marketing description
Cape Fear Commercial is pleased to present this offering for the Havelock Shopping Center, an inline shopping center located on HWY-70 situated less than a mile from Marine Corps air station Cherry Point.
Investment highlights
- 96.5% occupied, multi-tenanted with a mix of local and national tenants.
- AutoZone, Dominos, Jackson Hewitt, Duke Energy
- Units size range from 660 to 8,000 SF
- 22 Tenants
- NOI (2025 Actual): $227,239
- NOI (Stabilized Proforma): $276,583
- Located off US Hwy 70 with a traffic county of 30,000 VHPD
- Less than 1 mile from MCAS Cherry Point and 19 miles to Atlantic Beach
Listing Contacts
Listed by Cape Fear Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$227,239.00
$18,936.58/mo
Valuation Metrics
0
DSCR
7.33%
Cap Rate
7.33%
ROI
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