For Sale
$1,100,000

5 Lafayette StShelby, NC 28150

High-Yield Triple-Net Lease Office Buildings

Overview

Added:
Feb 3
Days on market:
62
This exceptional investment opportunity presents a portfolio of three income-producing office buildings strategically located in uptown Shelby, North Carolina. All three properties are situated within two blocks of each other, offering convenient management and potential for synergistic operations. The portfolio comprises a total of 15 rental units spread across three addresses: 5 North Lafayette Street (13 units), 200 West Marion Street (2 units), and 131 West Marion Street (2 units). The main building at 5 North Lafayette Street boasts a substantial 13,082 square feet of leasable space. The entire portfolio sits on a combined 0.46-acre lot. Currently generating a robust annual rental income of $137,040, the portfolio demonstrates a strong net operating income (NOI) of $96,768, resulting in an attractive cap rate of 8.8%. This presents a compelling investment opportunity for those seeking a stable, high-yield return in a desirable uptown Shelby location. The proximity of the buildings allows for efficient management and potential for future expansion or consolidation. The current tenant base provides a consistent income stream, making this a low-risk, high-reward investment prospect. Detailed financial statements and property information are available upon request. This portfolio offers a rare chance to acquire a well-established, income-generating asset in a thriving urban core.

Property Details for 5 Lafayette St

Property type
Office properties
Square Feet
13,082 SF
Year Built
1925
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Shelby
County
Cleveland
State
North Carolina
Latitude
35.29156
Longitude
-81.54054
5 Lafayette St, Shelby, North Carolina

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5 Lafayette St
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