SOLD – Rainelle Plaza

THE OPPORTUNITY

• Primary retail center within the submarket
• Great access and visibility
• Advance Auto recently added seven years of term to their lease taking their lease expiration to Dec 2030
• 86% occupied leaving an investor with great upside in the deal
• +/-1.6 acre outparcel included in the sale presents real value for an investor
• Over 78% of the Rental Income is from Advance Auto and Dollar General
• EPDM roof on the shopping center, TPO roof on AAP

THE HIGHLIGHTS

• Rainelle Plaza is located across the primary grocer in the market, Kroger
• Dollar General and Advance Auto have been in the center for 25+ years
• Renewal by Dollar General in 2019 through 2026
• Kroger is the only large grocery store within 20 miles
• Service, E-Commerce Resistant, Discount Retail, and healthcare tenant mix
• Neighborhood center with long track record of operating history
• Early 7 year renewal by AAP solidifies them as a tenant for years to come
• 23,230 ADT on Kanawha Ave, the highest traffic count in the market