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
   
Wallburg Towne Centre

OFFERING SUMMARY

Berkeley Capital Advisors is very pleased to present this offering summary on Wallburg Towne Centre, a neighborhood-oriented center located in Wallburg (Winston-Salem MSA), North Carolina. We welcome your review of this attractive investment opportunity.

SUBMARKET OVERVIEW

- Strategically located on the SWC of Highway 109 and Gumtree Road

- Excellent Visibility and Access

- Traffic Counts:

Highway 109 / Thomasville Road: 10,000 VPD

Gumtree Road: 6,000 VPD

*Source: NCDOT 2007.

- Strong Tenant Mix - Anchored by Food Lion, CVS and Dollar General

- High Anchor Tenant Sales

- Fully Stabilized Center - 100% occupied

- Established Shopping Center

- Little Competition

- Strong Demographics

 

DEMOGRAPHICS
   
  1 Mile 3 Miles 5 Miles  
2014 Projection 992 14,022 54,945  
2009 Estimate 928 12,927 51,013  
Growth 2009 - 2014 6.90% 8.47% 7.71%  
Growth 2000 - 2009 13.31% 17.04% 15.30%  
2009 Average Household Income $62,488 $56,175 $54,024  
OFFERING MEMORANDUM & FILES
Wallburg Towne Centre Offering Memorandum
 
Profiles
Name: Wallburg Towne Centre
Size: 56,650 SF
Occupancy: 100%
Market: Wallburg (Winston-Salem MSA), NC
Location: 10479 N NC Hwy 109
Debt Information: Assumable
   
Anchor Tenants Lease Expiration Square Feet
Food Lion Aug 2017 29,000
CVS Aug 2012 8,450
Dollar General July 2011 7,200
   
NET OPERATING INCOME $483,092
   
CAP RATE -
   
OFFERING PRICE $3,950,000
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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