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Confi dential Offering Memorandum presented by Scott BayerBroker
cell +1 336 314 6169tel +1 336 358 3229fax +1 336 373 [email protected]
VillageMarketplace1003 W. Main StreetHaw River, NC 27258
Greensboro, North Carolina
Property Description
Village MarketplaceShopping Center
Village Marketplace presents a rare opportunity for a new owner to acquire a value add and well occupied, strip center in a great location of Haw River, North Carolina just outside of Burlington and 20 minutes from Greensboro and Durham, NC.
This asset offers a 96,625 square feet rentable retail space divided into 20 individual spaces, in addition 4 beautiful out parcels are also included. Built in 1994, Village Marketplace is 85% occupied with tremendous upside potential on rental rates and tenant repositions. The property is situated in a convenient location just minutes from I-40/85, you will find nearby schools, banking, dining and entertainment just minutes away.
Upside potential on the rents…improved management…selling off out parcels … tenant repositioning
The current occupancy is above 85% and this number has been stable.
NUMBER OF UNITS: 20YEAR OF CONSTRUCTION: 1994Acreage: 18.02AVERAGE RENT PER FOOT: $4.53OCCUPANCY: 85% SALES TERMS: Cash or New Debt
InvestmentOverview
Property Description
Address1003 W. Main St.Haw River, NC 27258
Price$2,950,000
Price/SF$30.51
NOI$306,025
Cap Rate10.40%
Parcel #149549
Gross Rentable SF96,625
Year Constructed1994
Property DescriptionThe property consists of 1 building and 4 outparcels
Parking323 Parking Spaces
Construction Materials: Brick
ZonedGeneral Business - GB
Property Description
PropertySummary
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PropertyAerials & Map
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