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Grocery Anchored Shopping Center - Value-Add

$3,925,000

McDowell County, NC

Active
Last Updated: 07/29/2025

6.5

Cap Rate

81,335 sqft

Building Size

Details:
Cap Rate:    6.5%
Building Size:    81,335 sqft
Occupancy:    70%
Tenancy:    Multiple
Investment Strategy:    Value Add
Description:

VALUE-ADD OPPORTUNITY – With 70% occupancy, the property offers significant upside potential through lease-up of vacant space, increasing rental income and overall asset value.

STRONG GROCER – Regional grocer with over 40 locations throughoput the Southeast.

BRAND NAME TENANT LINE-UP - several other brand name tenants at the center includeing Aarons, Dollar Tree, H&R Block, and more.

EXTENSIVE FRONTAGE FOR MAXIMUM EXPOSURE – With exceptional footage, the property enjoys excellent visibility, enhancing its appeal to tenants and increasing customer traffic.

BELOW REPLACEMENT COST PURCHASE – Acquire the property at a price well below replacement cost, offering a built-in financial advantage and protection against market shifts.

EXPANSION & REDEVELOPMENT POTENTIAL – The large lot size provides opportunities for future expansion or redevelopment, increasing long-term property value.

Map:
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