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33459695
33459693

1034 East Union Street, Morganton, NC 28655

MS
NC NC 359237
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$725,000
10 days on market
Updated 3 days ago

Burke Animal Clinic

Details
Property Type Special Purpose
Sub Type Veterinary Clinic
Square Footage 5,000
Units 20
Cap Rate 8.80%
NOI $63,816
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 5
Lease Expiration 12/31/2026
Remaining Term 0.5
Rent Bumps Yes
Lease Options Five, 1-Year
Price per SqFt $145
Broker Co-Op True
Year Built 1955
Year Renovated 1995
Buildings 1
Acreage 0.740
Zoning High Intensity District (HID)
Parking Spaces 18 spaces
Parking Per SqFt 3.60
Investment Type Net Lease
Lease Commencement 01/01/2022
Ground Lease No

Price Improvement | Long Operating History | Value-Add Opportunity

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
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Annual Cash Flow
$63,816.00
$5,318.00/mo

Valuation Metrics

0
DSCR
8.8%
Cap Rate
8.8%
ROI

Map

Zoning

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HID ResidentialMulti FamilyHigh Intensity District
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Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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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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