Listed by Lee & Associates - Raleigh Durham
Unpriced
105 North Patterson Street
Details
Property Type Retail
Square Footage 4,750
Units 1
NOI $16,800
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Expiration 04/30/2028
Remaining Term 1.9
Year Built 1968
Acreage 0.160
Zoning Central Business District (CB)
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Single-Tenant Retail Investment | 4,750 SF
Marketing description
105 N Patterson Street is a single-tenant income-producing investment opportunity in downtown Maxton, NC. The property is leased to H&R Block, which has operated at this location since 1997. This opportunity offers consistent in-place income with a lease structure that includes limited landlord responsibilities.
Investment highlights
- 4,750 SF single-tenant building on 0.16-acre lot
- Leased to H&R Block through April 30, 2028
- H&R Block has occupied the building since 1997
- Tenant pays utilities and reimburses taxes and insurance
- Landlord responsible for roof, structure, foundation, and exterior walls
- Tenant responsible for interior maintenance, including HVAC, plumbing, and electrical
- Current Rent: $16,800 annually
- Built in 1968
- Both HVAC replaced in 2024
- End cap building in downtown central business district with great visibility
- Central Business District (CB) zoning
- Pricing: Call Broker
Listing Contacts
Listed by Lee & Associates - Raleigh Durham
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$16,800.00
$1,400.00/mo
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