FOR SALE

Verizon Wireless Store
2871 Raleigh Road Parkway W., North Carolina 27896

INVESTMENT HIGHLIGHTS

• Free-standing Verizon Wireless retail store
• 4,500 square feet of gross leasable area
• Improvements were constructed in 2006
• The site area is 0.74 acres or 32,365 square feet
• Located in a stable, growing, suburban area of the City of Wilson
• Lease Term to February 28, 2027 with Two additional 5 year options
• 8.54% Cap Rate
• Gross income $126,000
• Listing price $1,475,000

• Property Type: Retail – Other
• Land Size 0.74 acres; 32,365 SF
• Building Size 4,500 SF

WILSON COUNTY

Wilson County is located in eastern North Carolina and is approximately 368 square miles in size. The county has a population density of 223 persons per square mile. Population Wilson County has an estimated 2019 population of 82,075, which represents an average annual 0.1 increase over the 2010 census of 81,234. Wilson County added an average of 93 residents per year over the 2010-2019 period, but its annual growth rate lagged the State of North Carolina rate of 1.0%.

Looking forward, Wilson County’s population is projected to increase at a 0.5% annual rate from 2019-2024,equivalent to the addition of an average of 411 residents per year. Wilson County’s growth rate is expected to lag that of North Carolina, which is projected to be 1.0%.

SALE INFORMATION

• Buyer are required to provide proof of funds to close with offer
• If the buyer is obtaining a loan, provide lender approval letter
• Buyer to deposit 3% of the purchase price into escrow, balance at closing
• 60 day escrow period or less
• Property is being sold in as is condition
• Email: Todd@Braunco.com
• Phone: 866.568.6638 ext. 100