This property is Off-Market
1007 NC Highway 150 West
Summerfield, NC 27358 ·
18,078 SF · Retail For Sale
Hillsdale Village Shopping Center
|Price||N/A||Property Use Type||Net Lease Investment with 10+ years left on lease|
|Gross Leasable Area||18,078 SF||Cap Rate||7.79%|
|Property Sub-type||Strip Center||Year Built||2006|
|Listing ID: 16150488||Date Created: 03/17/2009||Last Updated: 08/27/2009|
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.
- 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+
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