Historical Retail Sale Listing - Hillsdale Village Shopping Center

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Hillsdale Village Shopping Center

1007 NC Highway 150 West, Summerfield, NC 27358

N/A

18,078 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
18,078 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.79%
Tenancy:
Multiple
Year Built:
2006
Listing ID
16150488
Last Updated
over 1 year ago

Highlights

  • 100% Occupied Retail Center Anchored By Southern States
  • NNN Leases with Full Reimbursement for CAM, Taxes, and Insurance
  • All Tenants are Signed to Multi-Year Leases with Rent Increases in their Initial Term
  • Affluent Area - $87K+ Average HH Income (1 Mile Radius)
  • Limited Competition in the Immediate Vicinity
  • Located in the Greensboro-High Point MSA, which has a Populaton of 685K+

Description

Hillsdale Village is a 100% occupied 18,078+/- square foot retail center which also contains a ground lease to Southern States. The property is located on NC Highway 150 West in Summerfield, NC 27358. This property is ideally located within a short distance from several residential areas and benefits from limited competition in the immediate area. Additionally the property is located in an affluent area with average household income exceeding $87k within a 1 mile radius.

The property contains a total of fourteen (14) tenants, including restaurants, medical services, insurance, and other specialized retailers. All tenants are signed to multi-year leases and all have rent increases in their initial term. In addition, all tenants are resposible for reimbursing Landlord for their pro-rata share of CAM, Taxes, and Insurance.

Summerfield is located in the Northern Piedmont area of North Carolina. The town is located in Guilford County and is part of the Greensboro-High Point MSA. The Summerfield area is comprised of rolling open and wooded countryside and residential neighborhoods. It is also easily accessible to the regional airport and major transportation routes.

Map of 1007 NC Highway 150 West, Summerfield, NC 27358 (Guilford County)

Research for 1007 NC Highway 150 West, Summerfield, NC 27358 (Guilford County)

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