Listed by Parker Burnell Real Estate Group
$4,898,048
3825 Conlon Way
Details
Property Type Office, Retail
Sub Type Medical Office, Storefront
Square Footage 8,056
Units 2
Cap Rate 6.25%
NOI $306,128
Occupancy 100%
Tenancy Multi
Brand/Tenant Mattress Warehouse
Lease Type NNN
Pro-Forma Cap Rate 6.25%
Pro-Forma NOI $306,128
Price per SqFt $608
Class A
Year Built 2025
Acreage 1.160
Tenant Credit Credit Rated
Ground Lease No
Sale Condition N/A
Retail/Office Development at Tanglewood | 8,056 SqFt
Marketing description
- ±8,056 SF retail shops, build-to-suit concept nestled on 1.16 acres, directly in front of established Tanglewood Pavilions in Elizabeth City, NC!
- Nearby retailers include: Walmart, TJ Maxx, Ross, Hobby Lobby, Aldi, & Lidl
- Located in the retail hub for Elizabeth City at the intersection of US Route 17 Bypass and Halstead Boulevard, anchored by a ±206,000 SF Walmart supercenter with $110M annual revenue
- The U.S. Coast Guard maintains a major base in the area with more than 2,700 employees
- Under Construction! Sentara Healthcare is building a 110-bed hospital, bringing over 1,000 new employees to the area
Investment highlights
- ±8,056 SF retail shops, build-to-suit concept nestled on 1.16 acres, directly in front of established Tanglewood Pavilions in Elizabeth City, NC!
- Nearby retailers include: Walmart, TJ Maxx, Ross, Hobby Lobby, Aldi, & Lidl
- Located in the retail hub for Elizabeth City at the intersection of US Route 17 Bypass and Halstead Boulevard, anchored by a ±206,000 SF Walmart supercenter with $110M annual revenue
- The U.S. Coast Guard maintains a major base in the area with more than 2,700 employees
- Under Construction! Sentara Healthcare is building a 110-bed hospital, bringing over 1,000 new employees to the area
Listing Contacts
Listed by Parker Burnell Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$306,128.00
$25,510.67/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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