136 3Rd St Smithfield, NC 27577

This exceptional 2,438 square foot retail storefront, located at 136 S 3rd St in Smithfield, NC, presents a compelling investment opportunity. Recently renovated inside and out, this property benefits from a high-traffic location near the courthouse, ensuring heavy daytime foot traffic and excellent drive-by visibility within the bustling downtown business district. The asking price is $400,000, offering a strong pro-forma cap rate of 6.0% and a net operating income (NOI) of $24,000. The property is currently vacant but includes a three-year lease option with renewal possibilities, commencing April 1, 2024, and expiring March 31, 2027, with options for years two and three. Convenient public parking is available nearby. This well-maintained building offers a combination of high visibility, strong income potential, and a desirable location, making it an attractive investment for discerning buyers. The property is classified as a convenience store, pharmacy/drug store, and storefront, and is offered as a net lease (NNN). The price per square foot is $164.07. This is a turnkey opportunity in a thriving downtown area. Don't miss this chance to acquire a prime retail space in a high-demand location.