|
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.
|