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3825 Conlon Way 8,056 SF 100% Leased Retail Building Elizabeth City, NC 27909 $6,978,085 CAD ($866.20 CAD/SF) 6% Cap Rate
Executive Summary
• ±8,056 SF retail shops, build-to-suit concept nestled on 1.16 acres, directly in front of established Tanglewood Pavilions in Elizabeth City, NC!
• Nearby retailers include: Walmart, TJ Maxx, Ross, Hobby Lobby, Aldi, & Lidl
• Located in the retail hub for Elizabeth City at the intersection of US Route 17 Bypass and Halstead Boulevard, anchored by a ±206,000 SF Walmart supercenter with $110M annual revenue
• The U.S. Coast Guard maintains a major base in the area with more than 2,700 employees
• Under Construction! Sentara Healthcare is building a 110-bed hospital, bringing over 1,000 new employees to the area
• Nearby retailers include: Walmart, TJ Maxx, Ross, Hobby Lobby, Aldi, & Lidl
• Located in the retail hub for Elizabeth City at the intersection of US Route 17 Bypass and Halstead Boulevard, anchored by a ±206,000 SF Walmart supercenter with $110M annual revenue
• The U.S. Coast Guard maintains a major base in the area with more than 2,700 employees
• Under Construction! Sentara Healthcare is building a 110-bed hospital, bringing over 1,000 new employees to the area
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,056 SF
Building Class
B
Year Built
2025
Price
$6,978,085 CAD
Price Per SF
$866.20 CAD
Cap Rate
6%
NOI
$418,685 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
2.60 AC
Zoning
GB - General Business
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7993860949 | Improvements Assessment | $2,625,345 CAD |
| Land Assessment | $1,546,746 CAD | Total Assessment | $4,172,091 CAD |
Property Taxes
Parcel Number
7993860949
Land Assessment
$1,546,746 CAD
Improvements Assessment
$2,625,345 CAD
Total Assessment
$4,172,091 CAD
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3825 Conlon Way
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