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Little River Square 1308-1320 W Grantham St 122,453 SF 100% Leased Retail Building Online Auction Sale Goldsboro, NC 27530
Investment Highlights
- 100% occupied retail center with 5+ years remaining on its WALT.
- 43,000 people with a median household income of $54,000 within a 5-mile radius of the Asset.
- Features an excellent location within an Opportunity Zone with immediate proximity to Interstate 795, US-70, and US-117.
- Market has seen strong retail rental growth, low vacancy rates, and positive 12-month absorption.
Executive Summary
Colliers is pleased to present for sale the 100% fee simple interest in Little River Square (the “Asset” or the “Property”) located at 1308-1320 W Grantham St in Goldsboro, NC.
Built in 1982, the 122,453 square foot retail center is currently 100% occupied by 16 tenants. The remaining WALT exceeds 5 years, with 87% of the tenancy leased into 2028 or later and 47% of the tenancy leased into 2030 or later, showing strong tenant stability and commitment to the location.
Little River Square is located on 15.27 AC and features 1,250 parking spaces, providing sufficient parking for employees and customers. Additionally, the Asset benefits from multiple points of ingress and egress and features excellent visibility off of W Grantham St.
The Asset is located within an opportunity zone with immediate access to US-70, US-117, and I-795, allowing for quick and convenient access to and from the Property. Little River Square is located 2.5 miles from downtown Goldsboro.
There are multiple nearby amenities and attractions: it is located approximately 7 miles from the Seymour Johnson Air Force Base, 8 miles from Busco Beach and ATV Park, and 3.5 miles from the Lane Tree Golf Club and Conference Center. Additionally, the Asset is located 4.5 miles from Wayne Community College.
The Property is located within the Goldsboro, NC Retail Market, which is home to 568 assets totaling 7.2M square feet. The market has been performing well with a vacancy rate of only 2.6% and a positive 12-month net absorption of 31.5K square feet. Additionally, market rent is growing; it is up 3.40% over last year, compared to 2.0% nationally. This shows that tenants want to be in the market, and there is competition for space, given the low vacancy rate. Finally, there are 6.7K square feet of retail under construction, further showing strong demand for retail within Goldsboro, NC.
Overall, Little River Square offers an Owner an excellent opportunity to acquire a well-maintained, stabilized, cash-flowing Asset within a strong-performing retail market.
David Stowe Lic 207642
Bradley Carver - Limited Nonresident Commercial Real Estate Broker
Built in 1982, the 122,453 square foot retail center is currently 100% occupied by 16 tenants. The remaining WALT exceeds 5 years, with 87% of the tenancy leased into 2028 or later and 47% of the tenancy leased into 2030 or later, showing strong tenant stability and commitment to the location.
Little River Square is located on 15.27 AC and features 1,250 parking spaces, providing sufficient parking for employees and customers. Additionally, the Asset benefits from multiple points of ingress and egress and features excellent visibility off of W Grantham St.
The Asset is located within an opportunity zone with immediate access to US-70, US-117, and I-795, allowing for quick and convenient access to and from the Property. Little River Square is located 2.5 miles from downtown Goldsboro.
There are multiple nearby amenities and attractions: it is located approximately 7 miles from the Seymour Johnson Air Force Base, 8 miles from Busco Beach and ATV Park, and 3.5 miles from the Lane Tree Golf Club and Conference Center. Additionally, the Asset is located 4.5 miles from Wayne Community College.
The Property is located within the Goldsboro, NC Retail Market, which is home to 568 assets totaling 7.2M square feet. The market has been performing well with a vacancy rate of only 2.6% and a positive 12-month net absorption of 31.5K square feet. Additionally, market rent is growing; it is up 3.40% over last year, compared to 2.0% nationally. This shows that tenants want to be in the market, and there is competition for space, given the low vacancy rate. Finally, there are 6.7K square feet of retail under construction, further showing strong demand for retail within Goldsboro, NC.
Overall, Little River Square offers an Owner an excellent opportunity to acquire a well-maintained, stabilized, cash-flowing Asset within a strong-performing retail market.
David Stowe Lic 207642
Bradley Carver - Limited Nonresident Commercial Real Estate Broker
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront
Building Size
122,453 SF
Building Class
C
Year Built
1982
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.18
Lot Size
15.27 AC
Opportunity Zone
Yes
Parcel Number
2690228003
Zoning
SC - Shopping Center
Parking
1,250 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
107’ on Us-70 Hwy
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
1,395
19,482
46,891
2020 Population
1,212
17,040
44,206
2029 Population
1,467
20,460
48,531
2024-2029 Projected Population Growth
5.2%
5.0%
3.5%
Daytime Employees
3,961
16,241
35,739
Total Businesses
112
1,396
3,443
Average Household Income
$56,955
$62,914
$73,374
Median Household Income
$41,148
$42,962
$50,670
Total Consumer Spending
$9M
$173.7M
$471.3M
Median Age
41.9
40.7
37.7
2024 Households
402
7,718
18,625
Percent College Degree or Above
10%
11%
14%
Average Home Value
$190,116
$221,497
$232,678
$ values in USD
Sale Advisor
Sale Advisor
Bradley Carver, Senior Vice President
Bradley joined Colliers in June 2025 and brings over a decade of leadership experience in the commercial real estate (CRE) auction space. Prior to Colliers, he served as Managing Director at Ten-X, one of the largest online marketplaces for CRE transactions, where he was instrumental in executing over $2 billion in CRE and note sales.
At Colliers, Bradley leverages his extensive industry experience, strong professional network, and hands-on knowledge of property marketing and disposition, particularly with opportunistic and income-producing assets. Known for his service-oriented mindset, proven track record, and deep passion for the auction space, he delivers strategic, high-impact marketing solutions designed to maximize asset exposure.
At Colliers, Bradley leverages his extensive industry experience, strong professional network, and hands-on knowledge of property marketing and disposition, particularly with opportunistic and income-producing assets. Known for his service-oriented mindset, proven track record, and deep passion for the auction space, he delivers strategic, high-impact marketing solutions designed to maximize asset exposure.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Jameson Kuykendall
Contact
Ten-X Licensing:
Ten-X, LLC Samantha Corbat RE Brkr C34060. Ten-X, LLC Auction Firm 10478. NCALB Disclosure: Broker Contact is the Seller’s Real Estate Listing Agent providing real estate services only. Broker Contact is not acting as an Auctioneer.
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Photos
Street View
Street
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Little River Square | 1308-1320 W Grantham St
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