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303 Salisbury Ave 3,834 SF Office Building Albemarle, NC 28001 $1,020,842 CAD ($266.26 CAD/SF) 6.87% Cap Rate
Executive Summary
Professional free standing optometry office building in the shadow of Atrium Health Regional Hospital, Walgreen's, Harris-Teeter and much more! Current tenant is The Eye Care Centers of America. Nine (9) Years remain outstanding on the balance of the lease term(s). Great investment for the passive investor or an ideal exchange property! Tenant pays 50% of expenses as additional rent for real property taxes, property insurance and lawn maintenance.
Eye Care Centers is associated with National Vision Holdings (Stock Symbol EYE)
Property is owned and was developed by now retired optometrists.
Eye Care Centers is associated with National Vision Holdings (Stock Symbol EYE)
Property is owned and was developed by now retired optometrists.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,834 SF
Building Class
A
Year Built
1996
Price
$1,020,842 CAD
Price Per SF
$266.26 CAD
Cap Rate
6.87%
NOI
$70,091 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,834 SF
Building FAR
0.17
Lot Size
0.52 AC
Zoning
NBD - Neighborhood Business District
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Property Taxes
| Parcel Number | 6548-01-18-9121 | Improvements Assessment | $529,405 CAD |
| Land Assessment | $87,953 CAD | Total Assessment | $617,359 CAD |
Property Taxes
Parcel Number
6548-01-18-9121
Land Assessment
$87,953 CAD
Improvements Assessment
$529,405 CAD
Total Assessment
$617,359 CAD
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Presented by
Holbrook Realty
303 Salisbury Ave
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