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
Alex Quarrier
704.714.2365 Office
704.379.1988 Fax
quarrier@berkeleycap.com
   
Whitaker Square

OFFERING SUMMARY

Whitaker Square is located at northeast corner of the intersection of Robinhood and Peacehaven Roads, approximately six miles northwest of Winston-Salem CBD. The Property is a new supermarket-anchored community-oriented shopping center serving the city of Winston-Salem.

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. Whitaker Square's 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.

 

DEMOGRAPHICS
   
  1-Mile 3-Mile 5-Mile  
2012 Projection: 6,152 53,018 138,456  
2007 Estimate: 6,047 51,616 133,729  
Growth 2007-2012: 1.74% 2.72% 3.53%  
Growth 2000-2007: 0.78% 3.16% 4.57%  
2007 Est. Average HH Income: $119,385 $93,356 $68,181  
OFFERING MEMORANDUM & FILES
Whitaker Square Offering Memorandum
 
Profiles
  Map/Directions
Name: Whitaker Square
Address: 1955 N. Peace Haven Road
Market: Winston-Salem, North Carolina 27106
Size: 82,760 Total GLA - zoning permits 6,193 SF expansion
Year Delivered: 1996
Land Size: Approximately 15 acres
Zoning: B-3-S
Leasing Status: 98% leased
Parking Spaces: 360 spaces
   
Anchor Tenants Lease Expiration Square Feet
Harris Teeter (51,890 SF) Feb 2016 N/A
Rugged Wearhouse (12,000 SF) May 2012 N/A
UPS Store (1,560 SF) Jan 2010 N/A
Edward Jones (1,500 SF) Jun 2008 N/A
Quzino's Subs (1,400 SF) Apr 2012 N/A
   
NET OPERATING INCOME $915,336
   
CAP RATE -
   
OFFERING PRICE Unpriced
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