Here is a chance for a long term investment with cell tower in place. Currently leased through June, 2081. The future rent is based on the CPI data. At this time, based on a current appraisal and uncertainty in the market, 6.5% cap rate appears to be the most reasonable and viable.
Presented By: Coldwell Banker Advantage Hend;
Interior Features for 124 Virginia Dare Lane
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NNo
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NNo
General for 124 Virginia Dare Lane
Association Fee IncludesNone
Attached Garage No
Building Area UnitsSquare Feet
Carport Y/NNo
CityHenderson
Community FeaturesNone
CountyVance
Current UseInvestment
DirectionsFrom Henderson, Warrenton Road to right on Carey Chapel Road, left on Steward Farm Road, left on Virginia Dare Road and follow gravel road to tower area.
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