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
   
Mayberry Mall

OFFERING SUMMARY

This Property is located in Mount Airy, North Carolina, approximately 30 miles northwest of Winston-Salem and 90 miles north of Charlotte. The Mall is strategically positioned on Highway 52 along the primary retail corridor in Mount Airy. The Center boasts an attractive design and is being offered without an asking price.

SUBMARKET OVERVIEW

Mayberry Mall benefits from a large trade area with approximately 120,000 people living within a 20-mile radius of the Property. The Mall is anchored by Super K-Mart, Belk (not included), and JC Penney. The Center offers investors a stable asset with the ability to increase value through the raising of below market small shop rents.

Mount Airy is positioned at the foot of the Blue Ridge Mountains. The "Granite City" maintains a strong economic base rooted in the manufacturing of textiles and furniture. In recent years, Mount Airy has attracted companies like Advanced Electronics, Andrew Pearson Design, and ASMO Appalachian, which has further enhanced the region's job market.

 

DEMOGRAPHICS
   
  1-Mile 3-Mile 5-Mile  
2006 Population: 51,880 121,016 287,467  
2006 Est. Family HH Income: $52,338 $53,273 $57,941  
2006 Est. Average HH Income: $46,337 $47,499 $51,182  
Population Growth 1990-2000: 12.49% 15.37% 14.96%  
OFFERING MEMORANDUM & FILES
Offering Package
 
Profiles
  Map/Directions
Building Area: 206,859 square feet
Offering Area: 149,016 square feet
Anchor Square Footage -  
K-Mart: 72,233 square feet
Belk (not included): 57,843 square feet
JC Penney: 22,220 square feet
Occupancy: 94%
Land Area: 38 acres
Debt: No
   
   
NET OPERATING INCOME $535,842
   
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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