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
704.379.1967 Office
704.379.1988 Fax
webb@berkeleycap.com
   
Northridge Commons

OFFERING SUMMARY

Northridge Commons is a newly constructed retail center located in Weaverville, North Carolina. The center includes 4 tenants: Gamestop, US Cellular, LG Nails and ABC Store (though ABC is not included in the sale) - and is 100% occupied, offering an investor a stabilized investment with minimal management requirements.

SUBMARKET OVERVIEW

Weaverville is located 10 miles north of Asheville off Interstate 26. The Center is well positioned at the intersection of Interstate 26 and Hwy 25/70, in the main retail corridor of Weaverville. Northridge Commons has excellent access and visibility from both major thoroughfares.

 



OFFERING MEMORANDUM & FILES
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Profiles
Name: Northridge Commons
Size: 5,736 SF
Occupancy: 100%
Year Delivered: 2009 / 2010
Market: Weaverville (Asheville MSA), NC
Address: 7 Northridge Commons Parkway
Size: +/- 1.38 Acres (90+ Acres for Overall Center Including Shadow Anchors)
Parking Spaces: 49 Spaces
Debt: Free and Clear
   
Anchor Tenants Lease Expiration Square Feet
Lowe's Home Improvement Shadow Anchor  
Walmart Supercenter Shadow Anchor  
   
NET OPERATING INCOME $140,178
   
CAP RATE -
   
OFFERING PRICE $1,752,225
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