DEALS

Deals

Pamlico Plaza – Washington, NC

PROPERTY HIGHLIGHTS:

  • Address:  570 Pamlico Plaza, Washington, NC
  • Year Built:  1989
  • NOI:  $552,000
  • Occupancy:  95%
  • Square Feet:  89,967
  • Site Size:  10.03 acres
  • Tenants:  Burkes Outlet, Office Depot, Shoe Show, Hibbett Sports, It’s Fashion, Jersey Mikes, Sally Beauty, US Cellular, etc
  • Walmart Shadow Center 
  • New Roof on 88% of the Center
  • Avg Rents of $6.63psf compared to market avg of $8.82psf
  • Strongest ADT Counts in the market: 33,000 ADT
  • Strong Tenant Sales by Burkes increasing by more than 13% YOY ’14-’15