Sold $1,400,000 - Investment Property, Shopping Center
| Sale or Rent Price | $1,400,000 |
| Building/Unit size SF | 4,000 |
| Sub Type | Investment |
| Status | Existing |
| Property Type | Net Leased Investment (NNN) Investment |
| Cap Rate | 5.9 |
| Zoning | C3 |
Coldwell Banker Commercial Elite is pleased to offer this 4,000 SF multi-tenant retail building located in the Southpoint II Power Center for sale. The property is 100% leased to strong national regional and local tenants.
The property is extremely well positioned at the signalized intersection of Southpoint Parkway and Route 1 with over 75,000 vehicles passing by the property daily. The property is situated within the Southpoint II mixed-use power center on a 0.81 Acre parcel adjacent to Applebees, Starbucks, Tropical Smoothie, & AT&T.
The property benefits from strong national anchors Walmart, Lowe’s, Carmax, and American Family Fitness within the Southpoint II Power Center. The development is also home to multiple national restaurants service businesses and retail establishments that compliment the subject property. Further growth is planned at Southpoint with 230 Apartments by HHHunt under construction and an additional 830+ Apartments approved.
