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
   
Gaston Marketplace

OFFERING SUMMARY

Gaston Marketplace is anchored by Food Lion (NYSE: DEG) and Family Dollar (NYSE: FDO). The roof is original from the delivery date of the shopping center (2004) and includes a 20-year warranty. Food Lion has an increasing sales trend and strong sales volume. Four future development pads exist on the property, which are zoned and ready for construction.

SUBMARKET OVERVIEW

Gaston Marketplace is the main shopping center in Gaston and is one of two grocery-anchored centers. A freestanding IGA sits less than half a mile south of the subject property on Hwy 321. Traffic counts for Hwy 321 are 18,200 vehicles per day.

 

DEMOGRAPHICS
   
  3-Mile 5-Mile 8-Mile  
2015 Population Projection 9,352 23,567 46,797  
2010 Population Estimate 8,742 22,323 44,382  
Growth 2010 - 2015 6.98% 5.57% 5.44%  
Growth 2000 - 2010 14.81% 10.84% 10.45%  
2010 Average Household Income $43,257 $44,548 $48,404  
 
Profiles
  Map/Directions
Name Gaston Marketplace
Size 44,133 SF
Occupancy 97% (1 vacant space)
Market Gaston (Columbia MSA), South Carolina
Year Delivered 2004
Roof Original
Parking Spaces 229
   
Anchor Tenants Lease Expiration Square Feet
Food Lion 12/14/24 28,853 SF
Family Dollar 6/30/17 9,180 SF
   
NET OPERATING INCOME $425,002
   
CAP RATE -
   
OFFERING PRICE Unpriced
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