Absolute NNN - United Bank

1900 W Vernon Avenue, Kinston, NC 28504

  • For Sale $1,357,000
  • Property Type Retail - Freestanding
  • Property Size 7,878 SF
  • Units 1
  • Lot Size 1.28 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1977
  • Date Updated Oct 7, 2024
The building is located in Downtown Kinston with numerous walkable amenities nearby including restaruants, breweries, and historical attractions. The property is situated on 1.28 acres and is positioned on a major corridor with 18,500 cars per day passing the site.Absolute NNN lease with 10% bumps at option periods guaranteed by United Bank through 9/30/2028. United Bank has approximately $30 billion in assets. Prior to being acquired by United Bank, this branch served as a consolidated location of two First South Banks that were located in Kinston. Uniquely positioned on a prime hard corner across the street from the Vernon Park Mall in Kinston, this property boasts an oversized 1.28 acre lot with a 7,878 SF building situated upon it. It is located along Business 70, which is a core commercial road through Kinston. Nearby retailers include: Wells Fargo, BB&T, Dollar General, Belk, the DMV, State Employees Credit Union, Exxon, Pizza Hut, KFC, Taco Bell and more.

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Attachments

Highlights

  • 7,878 SF on 1.28 acres
  • 100% Leased to a single tenant
  • NOI: $95,000
  • Options: Two (2), five (5) year options with 10% bumps
  • Absolute NNN - no LL responsibilities
  • CAP rate: 7%
  • Sale price: $1.357M

Contacts

broker

Jake Plotkin, CCIM

Lee & Associates - Raleigh Durham

Location

Getting Around

  • Walk Score ®

    51/100 Somewhat Walkable

  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Kinston, NC
  • Zip Code 28504

Points of Interest

  • Neuse Shop & Fuel

    1.17 miles

  • Marathon

    1.28 miles

  • Circle K

    1.41 miles

  • ChargePoint

    1.51 miles

  • Speedway

    1.90 miles

  • Pure

    1.97 miles

  • Shell

    2.07 miles

  • Murphy Express

    2.44 miles

  • HOW II

    0.91 miles

  • Bojangles'

    1.23 miles

  • El Nuevo Tequila Mexican Restaurant

    1.23 miles

  • Burger King

    1.46 miles

  • Chef and the Farmer

    1.52 miles

  • Hawk's Nest Cafe and General Store

    1.61 miles

  • Antnee's Stop n Dine

    1.67 miles

  • Irie Eats

    1.72 miles

  • Hardee's

    2.13 miles

  • East Coast Wings and Grill

    2.20 miles

  • Piggly Wiggly

    1.52 miles

  • Walmart Supercenter

    2.27 miles

  • ALDI

    2.28 miles

  • Norwood's Grocery

    8.24 miles

Frequently Asked Questions

How much does Absolute NNN - United Bank cost?

The space currently listed for sale at Absolute NNN - United Bank asks for $1,357,000.

What is the total square footage of Absolute NNN - United Bank?

Absolute NNN - United Bank totals 7,878 square feet.

When was this property built?

Absolute NNN - United Bank was built in 1977.

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Contact Listing Broker

broker

Jake Plotkin, CCIM

Lee & Associates - Raleigh Durham