Absolute NNN - United Bank

For Sale

1900 W Vernon Avenue, Kinston, NC 28504

This Kinston property for sale is located at 1900 W Vernon Avenue. The current listed sale price for Absolute NNN - United Bank is $1,357,000. Absolute NNN - United Bank is situated on a lot that is 1.28 acre in size.

Contacts

broker

Jake Plotkin, CCIM

Lee & Associates - Raleigh Durham

Property Details

  • 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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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

Attachments

Getting around

  • 51/100

    Walk Score ®

  • 39/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jake Plotkin, CCIM

Lee & Associates - Raleigh Durham