7 Northridge Commons Pky - Freestanding FOR SALE
Weaverville, NC 28787 |
7 Northridge Commons Pky
Weaverville, NC 28787
HIGHLIGHTS
- Strong Shadow Anchors - Walmart Supercenter and Lowes Home Improvement shadow anchor this center, driving significant patron volume to the center
- Significant Value-Add Opportunity - LG Nail Spa and GameStop are currently paying well below the market rent
- Tenant Commitment - The current tenant lineup has a weighted average tenant tenancy of 9 years and all 3 tenants have exercised some type of extension
- Popular Asheville, NC Suburb - Evidenced by the 750+ multifamily/hotel/single family residences that have either been developed in the last 4 years
- Favorable Lease Structures - 100% of tenants reimburse their pro-rata-share and pay at least a 10% admin fee on common area maintenance
- Limited Exposure to Capital Repairs - The center was built in 2009 and has been well maintained since
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Northridge Commons
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
5736
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
49
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
9733-80-0820-C0004
