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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31515186
31515187

1034 E Union St, Morganton, NC 28655

MS
NC NC 359237
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$775,000
62 days on market
Updated 6 days ago

Burke Animal Clinic

Details
Property Type Retail
Sub Type Veterinary
Square Footage 5,000
Cap Rate 7.41%
NOI $57,414
Occupancy 100%
Tenancy Single
Brand/Tenant Burke Animal Clinic
Lease Type NN
Lease Term 5
Lease Expiration 12/31/2026
Remaining Term 0.6
Rent Bumps Yes
Lease Options 5, 1 year
Price per SqFt $155
Broker Co-Op Yes
Year Renovated 1955/1995
Buildings 1
Stories 1
Acreage 0.740
Zoning Commercial
Parking Spaces 18 per unit
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 01/01/2022
Ground Lease No

Veterinary Clinic | Corner Intersection | Long Operating History

Investment highlights

• Long operating history with strong customer base | Veterinary clinic since 1988

• 2-exam rooms | 1-Operating room | 16 kennels | Radiology suite

• Corner intersection | E Union St & Valdese Ave

• Great visibility from E Union St

• Located inside of dense retail corridor | 1M SF within a 2-mile radius

• Large industrial presence nearby bringing in a high volume of daytime workers to the area | 1.2 M SF of space within a 2-mile radius

• 8 minutes from UNC Health Blue Ridge Hospital | 305 beds

• 9 minutes from Western Piedmont Community College | 7,300+ total students

• 10 minutes from Freedom High School | 1,374 students

• Nearby Destination Retailers | Walmart Supercenter, Lowe’s, Rural King, Ingles, Aldi, Food Lion, T.J. Maxx, Belk, Harbor Freight, Big Lots, Buffalo Wild Wings, Applebee’s, Chick-fil-A, McDonald’s, Starbucks, Panera, Taco Bell, Wendy’s, Dunkin’, Chipotle, Burger King, Domino’s, Pizza Hut, Sonic, KFC, Arby’s, Zaxbys, Bojangles, Dunkin, Advance Auto, AutoZone, O’Reilly, NAPA, Mavis, Strickland Brothers, and more

Listing Contacts

MS
NC NC 359237
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,414.00
$4,784.50/mo

Valuation Metrics

0
DSCR
7.41%
Cap Rate
7.41%
ROI

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Additional Information

Name
Matt Sagehorn
License
NC 359237
Brokerage
Berkeley Capital Advisors
Brokerage Phone
562-972-0044
Title
Real Estate Broker
Brokerage Address
1228 East Morehead Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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