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OFFERING SUMMARY
Berkeley Capital Advisors is very pleased to present this offering summary on Northpark Centre, a neighborhood-oriented center located in North Wilkesboro, North Carolina. We welcome your review of this attractive investment opportunity.
SUBMARKET OVERVIEW
The property has attractive assumable debt that has a 15-year self liquidating term and a 6.18% interest rate. The loan term is already 5 years into the 15-year term, so a buyer will own the property free and clear in 10 years.
Food Lion has a long lease term that expires in May 2017.
The property is 100% occupied and has five tenants. (Northpark Studio is month-to-month.)
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