200 N. Main Street

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30576970
Property Subtypes: Net Leased, Office Building
Status: Pending
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: 4/12/2021

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,440 5,963
Median Age: 46.17 45.98
Households: 1,883 2,487
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.