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
   
Lincoln Center

OFFERING SUMMARY

We are pleased to offer Lincoln Center. This center offers 82,943 square feet of retail in the heart of Lincolnton. The Center is well established and is shadow anchored by Belk. The Center is 98% leased and is anchored by BI-LO.

The center is conveniently located next to downtown on 321 Business. Lincoln Center fronts US 321 Business, giving the Center great visibility and accessibility.

SUBMARKET OVERVIEW

The bustling town of Lincolnton, county seat of Lincoln County, is growing rapidly thanks to its close proximity to Charlotte (the largest city in the Carolinas). Lincolnton is only 15 minutes from I-85 to the south; 15 minutes from I-40 to the north; and 35 minutes from I-77 to the east. The convenient location to three major interstates makes Lincoln County very accessible and attractive for business.

 

DEMOGRAPHICS
   
  1 Mile Radius 3 Mile Radius 5 Mile Radius  
2014 Projection 2,947 19,155 34,258  
2009 Estimate 2,798 18,116 32,157  
Growth 2009 - 2014 5.33% 5.74% 6.62%  
2009 Average Household Income $44,097 $48,883 $50,892  
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
Name: Lincoln Center
Size: 82,943 SF
Year Delivered: 1989
Land Size: 16.86 Acres
Leasing Status: 98% Leased
Parking Spaces: 378 Spaces
Debt: Non-recourse assumable loan
   
Anchor Tenants Lease Expiration Square Feet
BI-LO Jan 2014 42,658
Cato Jan 2014 6,000
Belk Shadow Anchor N/A
   
NET OPERATING INCOME $675,158
   
CAP RATE -
   
OFFERING PRICE $7,500,000
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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