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395 Crimson Laurel Way 10,500 SF Retail Building Bakersville, NC 28705 $1,213,457 CAD ($115.57 CAD/SF) 7.97% Cap Rate
INVESTMENT HIGHLIGHTS
- Essential Tenants: Both tenants serve critical functions in the community, supporting consistent foot traffic and dependable occupancy.
- Retail Scarcity: Limited availability of retail-appropriate properties and new development opportunities in Bakersville.
- Minimal Competition: Sparse competitive retail presence enhances tenant stability and long-term viability.
EXECUTIVE SUMMARY
Two stand alone, occupied buildings on one parcel for Sale at a 7.8% cap rate, in Bakersville, NC.Current tenants include 7,500 SF Dollar General (current term expires
July 31, 2028 with 1 remaining renewal option) and 3,000 SF French Broad Electric office building comprising 1,500 SF of finished office and a 1,500 SF basement (on a month-tomonth lease). With limited retail development options and minimal competition in the surrounding area, this asset presents a unique opportunity for stable income and future
upside.
July 31, 2028 with 1 remaining renewal option) and 3,000 SF French Broad Electric office building comprising 1,500 SF of finished office and a 1,500 SF basement (on a month-tomonth lease). With limited retail development options and minimal competition in the surrounding area, this asset presents a unique opportunity for stable income and future
upside.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
1995
Price
$1,213,457 CAD
Price Per SF
$115.57 CAD
Cap Rate
7.97%
NOI
$96,693 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.67 AC
PROPERTY TAXES
| Parcel Number | 0863-07-77-4653 | Improvements Assessment | $339,482 CAD |
| Land Assessment | $155,649 CAD | Total Assessment | $495,131 CAD |
PROPERTY TAXES
Parcel Number
0863-07-77-4653
Land Assessment
$155,649 CAD
Improvements Assessment
$339,482 CAD
Total Assessment
$495,131 CAD
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395 Crimson Laurel Way
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