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105-111 N Lee St
Benson, NC 27504
Office Property For Sale
Investment Highlights
- Multi-tenant retail strip comprising four units, each with its own restroom.
- Tenants are responsible for utilities and interior upkeep, reducing owner expenses.
- Located in downtown Benson near I-95 and I-40 with strong regional connectivity.
- Current leases with long-term tenants generate annual income of $28,000.
- Lessor maintains taxes and exterior maintenance for simplified ownership.
- Surrounded by national brands and local amenities supporting continued traffic.
Executive Summary
This 4,200 SF multi-tenant retail property on North Lee Street offers a stable investment opportunity in Benson, NC. The property consists of four units, each featuring a private restroom, currently occupied by long-term tenants that ensure consistent income. Annual income is reported at $28,000, and tenants handle all utilities and interior upkeep, minimizing operational responsibilities for the owner.
Situated in the heart of downtown Benson, this asset benefits from proximity to major transportation routes, including I-95 and I-40, facilitating easy access throughout the region. The surrounding trade area features national retailers, local businesses, and growing residential neighborhoods, supporting sustained tenant demand. Offered at $625,000, this opportunity is well-positioned for investors seeking steady returns and low-maintenance income in a market with limited vacancy.
Situated in the heart of downtown Benson, this asset benefits from proximity to major transportation routes, including I-95 and I-40, facilitating easy access throughout the region. The surrounding trade area features national retailers, local businesses, and growing residential neighborhoods, supporting sustained tenant demand. Offered at $625,000, this opportunity is well-positioned for investors seeking steady returns and low-maintenance income in a market with limited vacancy.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,294 SF
Building Class
C
Year Built
2001
Price
$868,919 CAD
Price Per SF
$202.36 CAD
Cap Rate
4.48%
NOI
$38,928 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,294 SF
Building FAR
0.39
Lot Size
0.25 AC
Zoning
COM - Commercial
Parking
12 Spaces (2.79 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 01023030 | Improvements Assessment | $456,509 CAD |
| Land Assessment | $121,120 CAD | Total Assessment | $577,629 CAD |
Property Taxes
Parcel Number
01023030
Land Assessment
$121,120 CAD
Improvements Assessment
$456,509 CAD
Total Assessment
$577,629 CAD
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