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
   
Northside Plaza

OFFERING SUMMARY

Northside Plaza is an established retail center located in Henderson, North Carolina. The 66,588 SF Center is anchored by Food Lion, Dollar General and CitiTrends and is 91% occupied.

SUBMARKET OVERVIEW

Henderson is located approximately 30 miles north of Raleigh off Interstate 85 and Highway 1. The city sits near the border of Virginia and has a population of about 44,000 people.

The Center is well-positioned off Interstate 85 on Highway 158 / Highway 1 Business, the main corridor running north-south through Henderson. Northside Plaza is located in the north part of town and faces minimal competition with most of the recent development being in south Henderson.

 

DEMOGRAPHICS
   
  4 Mile Radius 6 Mile Radius 8 Mile Radius  
2014 Projection 23,778 33,051 40,731  
2009 Estimate 23,880 32,802 40,191  
2009 Average Household Income $43,764 $46,279 $47,124  
OFFERING MEMORANDUM & FILES
Northside Plaza Offering Memorandum
 
Profiles
Name: Northside Plaza
Size: 66,588 SF
Market: Henderson, NC
Year Delivered: 1981; Food Lion expanded in 1997 and renovated in 2008
Land Size: 7 acres
Leasing Status: 91%
Debt: Assumable
Existing NOI: $366,722
   
Anchor Tenants Lease Expiration Square Feet
Food Lion July 2017 32,320
CitiTrends September 2011 8,450
Dollar General January 2013 7,244
   
NET OPERATING INCOME $407,748
   
CAP RATE -
   
OFFERING PRICE $4,200,000
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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