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Shopping Center For Sale in Southern Pines 206-216 Commerce Ave 7,640 SF Retail Building Southern Pines, NC 28387 $3,395,000 CAD ($444.37 CAD/SF) 4.49% Cap Rate
Investment Highlights
- Fully leased shopping center
- NOI $112,296 | 4.49% cap rate
- Adjacent to Walmart, Lowe’s, Staples & Goodwill
Executive Summary
Investment opportunity at Yadkin Park, a fully leased, L-shaped, single-story shopping center strategically positioned at the intersection of Commerce Avenue & Turner Street, just seconds from the bustling Highway 15/501 & 211. This prime location ensures visibility & is bolstered by proximity to well-established businesses such as Walmart, Staples, Goodwill, & Lowe's. The center features a diverse tenant mix, including Qwik Pack & Ship, Bella Vie Hair Studio, Anthony's Barber Shop, Westhetics, Southern Pawz Grooming, & Sylvan Learning Center, creating a vibrant shopping environment. NOI $112,296 & Cap Rate 4.49%
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,640 SF
Building Class
B
Year Built
1980
Price
$3,395,000 CAD
Price Per SF
$444.37 CAD
Cap Rate
4.49%
NOI
$152,498 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.52 AC
Zoning
GB - General Business
Parking
30 Spaces (3.93 Spaces per 1,000 SF Leased)
Frontage
127’ on Commerce Ave
Amenities
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8571-14-33-6878 | Improvements Assessment | $719,892 CAD |
| Land Assessment | $620,122 CAD | Total Assessment | $1,340,015 CAD |
Property Taxes
Parcel Number
8571-14-33-6878
Land Assessment
$620,122 CAD
Improvements Assessment
$719,892 CAD
Total Assessment
$1,340,015 CAD
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Shopping Center For Sale in Southern Pines | 206-216 Commerce Ave
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