www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33192136

57 US Highway 64, Plymouth, NC 27962

HC
NC None
Cha & King Investment LLC
Listed by Cha & King Investment LLC
$2,088,000
13 days on market
Updated 12 days ago

Plymouth Shopping Center

Details
Property Type Retail, Office
Sub Type QSR/Fast Food, Shopping Center (+1)
Square Footage 36,000
Net Rentable (SqFt) 36,000
Units 10
Cap Rate 9.24%
NOI $193,000
Occupancy 90%
Tenancy Multi
Brand/Tenant Dollar Tree, Subway
Lease Type NNN
Pro-Forma Cap Rate 9.34%
Pro-Forma NOI $195,000
Price per SqFt $58
Year Built 1966
Year Renovated 2023
Acreage 3 - 4
Zoning Commercial
Parking Spaces 90 spaces
Parking Per SqFt 2.50
Investment Type Owner/User
Ground Lease No
Sale Condition For sale by owner

Commercial Retail Building in Plymouth, NC - Great Visibility

Marketing description

High-Occupancy Retail Investment Opportunity in Plymouth, NC:

This property is a highly desirable, income-generating commercial retail building strategically located in Plymouth, North Carolina. Currently operating at a strong 90% occupancy rate, this asset offers an incoming investor immediate and stable cash flow from an established tenant base, making it an ideal "turn-key" investment.

The property features excellent street frontage and high visibility, ensuring a steady flow of local traffic. With 90% of the building already leased, an investor can enjoy passive rental income from day one, while also retaining a 10% value-add upside to increase the Net Operating Income (NOI) by leasing out the remaining vacant space.

Plymouth serves as a key commercial hub in Washington County, offering an attractive, low-barrier entry point for commercial real estate investors looking for higher yields than major metropolitan markets. Whether you are looking to expand your portfolio with a stable retail asset or seeking a low-maintenance property with proven occupancy history, this Plymouth storefront presents a remarkable opportunity.

Financial documents, lease agreements, and rent rolls are available upon request to qualified buyers during the due diligence period.

Investment highlights

90% Units occupied with stable income:

  • This occupancy rate provides immediate and stable rental cash flow
  • Income-generating retail asset with proven historical occupancy

Upside Potential:

  • A value-add opportunity to increase by not leasing the remaining 10% vacant space
  • Perfect for investors seeking immediate income with strategic growth potential

Location and Visibility:

  • Right on highway 64 with excellent street frontage
  • Convenient visibility for cars passing by
  • On the way to the Outer Banks

Tenant Stability:

  • Diverse tenants with stabilized investment income and minimal risk
  • Local tenants with strong presence in town community

Listing Contacts

HC
NC None
Cha & King Investment LLC
Listed by Cha & King Investment LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$193,000.00
$16,083.33/mo

Valuation Metrics

0
DSCR
9.24%
Cap Rate
9.24%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Howard Cha
License
None
Brokerage Phone
9195794238
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591