Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Rob Carter
704.379.1982 Office
704.379.1988 Fax
carter@berkeleycap.com
David Webb
7043791967 Office
7043791988 Fax
webb@berkeleycap.com
   
Walkertown Commons

OFFERING SUMMARY

Berkeley Capital Advisors has been retained by the Owner on an exclusive basis to market and sell its fee simple interest in Walkertown Commons Shopping Center ('Property'). The Property is a new supermarket-anchored community-oriented shopping center serving the town of Walkertown and the surrounding Winston-Salem suburbs. This Class-A property has a high traffic, high visibility 'going home corner' location on one of the primary commuter routes to and from Winston-Salem. Walkertown Commons' rent roll has an excellent tenant mix, combining the market's most upscale supermarket with a variety of soft goods and specialty retailers, restaurants and financial services.

SUBMARKET OVERVIEW

Walkertown Commons is located in Walkertown, North Carolina, a suburban town approximately 6 miles northeast of Winston-Salem CBD. The Town of Walkertown, because of its location east of Winston-Salem, is located in an area known as the Triad, a region of more than 1,000,000 comprised of greater Greensboro-High Point-Winston-Salem. The Center itself is located on the corner US Hwy. 158 and NC Hwy. 66, making it easily accessible to the entire greater Walkertown market and the surrounding areas such as Kernersville and a number of small towns to the north. Both US Highway 158 and NC Highway 66 are major commuter routes to Winston-Salem and throughout the Triad. The highway recently completed a highway improvement project in anticipation of accelerated traffic as the Winston-Salem MSA continues to expand northwest.

 

DEMOGRAPHICS
   
  1-mile 3-mile 5-mile  
2005 Population Estimate 1,076 14,807 49,972  
Pop. Growth 1990-2000 21.45% 24.37% 15.50%  
Pop. Growth 2005-2010 2.60% 5.21% 6.26%  
Average Household Income $64,309 $68,166 $62,216  
OFFERING MEMORANDUM & FILES
Walkertown Commons Offering Memorandum
 
Profiles
  Map/Directions
Year Built 2004; Expanded by 7,500 sf in 2006
Percent Leased 89%
Submarket Walkertown
Parking 418 spaces
Location SE corner of US Hwy 158/NC Hwy 66
Land Area 10.5 acres
Traffic Counts US Hwy 158: 29,000 CPD
  NC Hwy 66: 29,000 CPD
   
Anchor Tenants Lease Expiration Square Feet
Lowes Foods May 2024 NA
Piccolo Milano May 2014 NA
   
NET OPERATING INCOME $1,003,812
   
CAP RATE -
   
OFFERING PRICE Unpriced
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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