Illuminate Real Estate is please to exclusively offer for sale, ownership's fee simple interest in Pinewood Square located at
1002 N. Spence Ave., Goldsboro, NC 27534. Offered at just $82/sf, the subject property consists of a Walmart Supercenter and in-line shops
totaling 15 total units, 152,239 sf of improvements and is situated on a combined 13.82 acres of land. The center is
conveniently located directly off US Highway 70 with excellent visibility to the over 70,000 vehicles per day that travel
past the site. Pinewood is consistently 100% leased and maintains a healthy, synergistic mix of tenants including:
Walmart, Dollar Tree, Sally Beauty, GameStop, Great Clips, Cricket and several other local/regional tenants. Walmart boasts
an operating history of more than 30 years at this location that has included an expansion/remodel (2000) and benefits
from an extremely low rent when compared to the company’s store network. Further, Walmart’s maintains excellent
retail sales at this location translating to a healthy, low occupancy cost. The subject property is surrounded by a variety
of national retail tenants including: Sam’s Club, Target, Harris Teeter, PetSmart, Holiday Inn (new construction 2019)
Lowe’s Home Improvement and countless others. Just 2 miles south of the property sits Seymour Johnson Air Force
Base, which occupies 3,300 acres and is home to the 4th Fighter Wing and several other operations units. Goldsboro
is the county seat of Wayne County, NC and is a rapidly growing submarket of Raleigh, NC located just 50 miles from
Raleigh’s central business district. Area demographics indicate population counts of over 32,065 within a 3-mile radius
with average HH incomes in excess of $54,880 within same.