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
   
Lynnwood Collection Shopping Center

OFFERING SUMMARY

Lynnwood Collection is a well-established, grocery-anchored shopping center located in Raleigh, North Carolina. The Kroger anchored-center is 86,362 SF and 99% occupied.

The area surrounding Lynnwood Collection includes established neighborhoods with limited vacant land for development opportunities. Therefore, minimal risk exists of future retail centers entering into the immediate market.

SUBMARKET OVERVIEW

The Center is well positioned at the intersection of Creedmoor Road (Highway 50) and Lynn Road, in one of the most desirable residential and commercial areas of Raleigh. Creedmoor Road is a major north-south thoroughfare connecting the center to the heavily traveled Highway 70 (Glenwood Avenue) and Interstate 540, Raleigh's outer beltline.

 

DEMOGRAPHICS
   
  1 Mile Radius 3 Mile Radius 5 Mile Radius  
2013 Projection 14,108 104,495 193,085  
2008 Estimate 12,586 91,483 171,371  
Growth 2008 - 2013 12.09% 14.22% 12.67%  
Growth 2000 - 2008 19.96% 26.34% 21.94%  
2008 Average Household Income $84,186 $78,579 $88,004  
 
Profiles
Name: Lynnwood Collection Shopping Center
Market: Raleigh, North Carolina
Size: 85,862 SF
Year Delivered: 1988
Leasing Status: 99% leased
Land Size: 9.85 acres
Debt: Free and Clear
Roof: Replaced in 2005
   
Anchor Tenants Lease Expiration Square Feet
Kroger October 2015 52,337
   
NET OPERATING INCOME -
   
CAP RATE 7.75%
   
OFFERING PRICE Unpriced
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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