Catylist ID:
#30576970
200 N. Main Street
Office
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: | 30576970 |
| Property Subtypes: | Net Leased, Office Building |
| Building Size (RSF): | 3,687 SF |
| Gross Land Area: | 1.64 Acres |
| Sale Price: | $175,000 |
| Unit Price: | $47.46 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Usable Size (USF): | 3,687 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/28/2020 |
Overview / Comments
|
Approximately 3,687 SF bank building on 1.64 acres currently occupied by BB&T in Mt. Gilead, NC (Montgomery County) located between Pinehurst and Charlotte. BB&T’s current lease term runs through September 10, 2023 with two more Lease Renewal Options of Five (5) years each. Approximately 0.8 acres of the property is undeveloped, with potential for office or retail development. Existing Lease Terms: Current Lease Term through 9/10/2023: $887.19/month NNN 1st Renewal Option Period 9/11/2023 - 9/10/2028: $887.19/month NNN 2nd Renewal Option Period 9/11/2028 - 9/10/2033: $940.42/month NNN |
Attachments & Media
Additional Details
| Nearest MSA: | Rockingham |
| County: | Richmond |
| Tax ID/APN: | 7503-09-05-6148 |
| Zoning: | CB - CENTRAL BUSINESS DISTRICT |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 4,440 | 5,963 |
| Median Age: | 46.17 | 45.98 |
| Households: | 1,883 | 2,487 |
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