DEALS

Deals

Windsor Square – Dallas, NC

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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