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
   
Parkway Village

OFFERING SUMMARY

Shadow Anchored by Wal-Mart Supercenter and Lowe's Home Improvement, Parkway Village is brand new specialty shops development which consists of 12,999 square feet. The shops are located directly off of highway 150 in Winston-Salem, North Carolina. The center is anchored by Burger King and GameStop.

SUBMARKET OVERVIEW

Parkway Village is well positioned on Highway 150 / Peters Creek Parkway, five miles south of Downtown Winston-Salem and six miles southeast of Hanes Mall, one of the biggest malls in North Carolina. Parkway Village has great visibility. The shops front Highway 150 / Peters Creek Parkway, one of Winston-Salem's major thoroughfares.

Winston-Salem is the fourth largest city in North Carolina with a total population of over 227,000 and an unemployment rate of 4.3%.

 

DEMOGRAPHICS
   
  1 Mile Radius 3 Mile Radius 5 Mile Radius  
2014 Projection 3,919 41,927 102,241  
2009 Estimate 3,609 38,325 96,190  
Growth 2009 - 2014 8.59% 9.40% 6.29%  
Growth 2000 - 2009 16.91% 20.05% 11.11%  
Average Household Income $57,613 $50,662 $50,396  
OFFERING MEMORANDUM & FILES
  The offering memorandum and other files for this property requires that you complete a simple onetime registration. Please start by entering your email address
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Profiles
  Map/Directions
Square Feet: 12,999
Shadow Anchors: Wal-Mart Supercenter, Lowe's Home Improvement
Leasing Status: 70% Leased
Land Size: 1.39 acres
Year Delivered: 2008
Debt: Free and Clear
Parking Spaces: 79
   
Anchor Tenants Lease Expiration Square Feet
Burger King May 2023 2,200
GameStop July 2013 1,850
H&R Block April 2013 1,200
Pegram Insurance December 2010 1,200
T-Mobile April 2010 1,140
Subway N/A 1,500
   
NET OPERATING INCOME $283,070
   
CAP RATE -
   
OFFERING PRICE Unpriced
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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