THE OPPORTUNITY

• Southern States Cooperative anchored center with more than 10 years remaining on lease
• Great location near intersection of Highway 321 (28,000 VPD) and Dallas Cherryville Highway (19,000 VPD)
• 28% percent of GLA has been at location for more than 14 years
• 72% of the revenue is made up of National Tenants
• Scheduled Rent Increases across tenants as well as many option contracts
• Strong 96% expense recapture through NNNs

THE DEAL POINTS

• Square Feet: 80,540 SF
• Occupancy: 96%
• Asking Cap Rate: Market to Determine
• Year Built: 1978

THE HIGHLIGHTS

• Gaston County vacancy of 4.8%
• Population within 1 mile has grown 9% since 2010 and is expected to grow by more than 6% over the next five years
• Part of 7th fastest growing MSA in the United States
• Located in primary retail corridor of Dallas, NC
• Nearby Gaston College is less than 1 mile from the center and enrolls 5,000 students each term and 16,000 students taking part in continuing education platforms

 

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