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1034 East Union Street
Morganton, NC 28655
Asking Price
$725K
Cap Rate
8.8%
Asset Type
Special-purpose
Class
Class B
What's Special
Price Improvement | Long Operating History | Value-Add Opportunity <p>• Long operating history with strong customer base | Veterinary clinic since 1988</p><p>• 2-exam rooms | 1-operating room | 16 kennels | Radiology suite</p><p>• Corner intersection | E Union St & Valdese Ave</p><p>• Great visibility from E Union St</p><p>• Located inside of dense retail corridor | 1M SF within a 2-mile radius</p><p>• Large industrial presence nearby bringing in a high volume of daytime workers to the area | 1.2 M SF of space within a 2-mile radius</p><p>• 8 minutes from UNC H
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NOI
$80,000
Cap Rate
11.03%
DSCR
1.86
Strong
Cash-on-Cash
16.99%
Monthly Payment
$3,586.904
Annual Cash Flow
$36,957.147
