115 North BLVD Clinton, NC 28328
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 6,186 sqft
Price per Sqft $153
Subdivision Not In Subdivision
MLS Listing ID 100577347
Year Built 2001
Lot Size 1.970 Acres
Acres 1.97
Lot Dimensions 210x327
Property Sub-Type Office
Source Hive MLS
Property Description
6,186 square feet, fully leased to the State of North Carolina for its NC Works operations. The property offers investors a secure, government-backed tenancy
with consistent cash flow and minimal management burden.
The asset is currently 100% occupied under a lease with the State of North Carolina, providing strong credit assurance and long-term occupancy stability.
The property generates a Net Operating Income (NOI) of $77,014.82, reflecting dependable in-place income.
Offered at an asking price of $950,000, the investment represents an approximate 8.11% cap rate, making it an attractive opportunity for investors seeking stable returns in a low-risk profile asset. Government-leased properties are highly desirable due to their reliability, and this asset is well-positioned to
deliver predictable income with limited volatility.
Location
State NC
County Sampson
Community Not In Subdivision
Zoning Municipal
Direction Take the Warsaw exit from I40 to Hwy 24 West. Continue in to Clinton and turn right on to Southeast Blvd/Hwy 701. Turn left on to Dixon St. Then right on North Blvd. The subject property will be on the right before you get to Hwy 421.
Location Details Mainland
Interior
Heating Electric
Exterior
Parking Features Parking Lot, Asphalt
Roof Type Shingle,Asphalt
Garage No
Building
Lot Description Level, Cleared
Water Public
New Construction No
Others
Tax ID 12018294301
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Nearby Locations
GET MORE INFORMATION