Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Rob Carter
704.379.1982 Office
704.379.1988 Fax
carter@berkeleycap.com
Alex Quarrier
704.714.2365 Office
704.379.1988 Fax
quarrier@berkeleycap.com
David Webb
7043791967 Office
7043791988 Fax
webb@berkeleycap.com
   
Waynesboro Town Center

OFFERING SUMMARY

Waynesboro Town Center is a power center that includes national retailers such as Target, Kohl's, Ross, Petsmart, Michael's, and Bed Bath & Beyond. The property contains 364,541 square feet and is currently 96.2% leased to 21 tenants.

Waynesboro Town Center is the only power center within 30 miles in each direction, drawing shoppers from all over. Residence travel from nearby smaller towns such as Staunton (population: 25,000) to shop with some of the top retailers.

SUBMARKET OVERVIEW

Waynesboro Town Center is located at the intersection of I-64 and Rosser Ave, making the center easily accessible with great visibility and frontage on two of Waynesboro's major arteries. Waynesboro Town Center has easy access to the entire metropolitan area, including Staunton and Charlottesville.

 

DEMOGRAPHICS
   
  5-Mile 10-Mile 20-Mile  
2012 Projection: 35,977 71,993 147,164  
2007 Estimate: 34,975 70,674 142,654  
Growth 2007-2012: 2.86% 1.87% 3.16%  
Growth 2000-2007: 6.51% 3.68% 6.92%  
2007 Average HH Income: $53,903 $56,653 $60,482  
OFFERING MEMORANDUM & FILES
Waynesboro Co-Tenancy Report
Waynesboro Offering Memorandum
Waynesboro Town Center Argus
 
Profiles
  Map/Directions
Name: Waynesboro Town Center
Property Size: 364,541 SF (Including Target & Kohl's)
Available Size: 170,651 SF (Excluding Target & Kohl's)
Market: Waynesboro (Charlottesville MSA), Virginia
Year Delivered: Second Quarter - 2008
Land Size: +/- 58.45 Acres (Total Shopping Center)
Leasing Status: 96% Leased
Parking Spaces: 1,851 (Excluding Ourparcels) 877 (Excluding Target & Kohl's Outparcels)
Location: Intersection of I-64 & Rosser Avenue
   
Anchor Tenants Lease Expiration Square Feet
Books-A-Million Jan 2019 15,500 SF
Bed Bath & Beyond May 2018 20,400 SF
Ross Dress For Less Jan 2019 27,689 SF
Michael's May 2018 21,300 SF
Petsmart Jan 2019 20,087 SF
Rack Room Shoes Feb 2015 5,500 SF
Dress Barn Jun 2018 7,350 SF
Maurice's Jun 2018 3,675 SF
Target (Shadow) N/A 124,163 SF
Kohl's (Shadow) N/A 132,847 SF
   
NET OPERATING INCOME $2,405,983
   
CAP RATE 6.50%
   
OFFERING PRICE $37,015,123
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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