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
   
Shallotte Commons

OFFERING SUMMARY

Shallotte Commons is located in the town of Shallotte, North Carolina. Shallotte Commons is a 86,741 square foot retail development positioned between US Highway 17-B and NC-179 (Village Drive). The Property is currently being substantially redeveloped as described below. The Property is being offered without an asking price.

SUBMARKET OVERVIEW

The grocery anchored center benefits from an outstanding location, strong tenant mix, and great visibility. Located on the US Highway 17-B, Shallotte Commons is situated along one of the most traveled corridors in coastal North Carolina. US-17B, a two-lane highway with a middle turn lane, is the primary route through the town of Shallotte. NC-179, a two-lane highway with a middle turn lane on the south side of the property, is a secondary route through Shallotte.

 

DEMOGRAPHICS
   
  3-Mile 5-Mile 10-Mile  
2011 Projection: 6,946 15,195 39,710  
2006 Estimate: 5,964 13,164 34,372  
Growth 2006-2011: 16.47% 15.43% 15.53%  
Growth 2000-2006: 25.48% 22.71% 22.46%  
2006 Est. Average HH Income: $53,965 $55,366 $56,320  
OFFERING MEMORANDUM & FILES
Shallotte Offering Package
 
Profiles
  Map/Directions
Address: 5051 E. Main Street
Year Built: Redeveloped in 2005; Originally built in 1985
% Leased: 100%
Parking: 461 spaces
Land Area: 7.70 acres
Pro-Forma NOI: $802,227
   
Anchor Tenants Lease Expiration Square Feet
Lowes Foods October 2020 n/a
Family Dollar December 2005 n/a
Rent-A-Center August 2008 n/a
Gold's Gym May 2015 n/a
   
NET OPERATING INCOME $802,227
   
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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