102 New Market | Madison, NC 27025
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- LoopNet Team
102 New Market
Madison, NC 27025
New Market Madison · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100%-Occupied | National Tenants | $613,927.70 NOI
- Class-A dominant retail center, the largest retail center in the market, and a regional hub for shopping.
- Drive-thru end cap included in the sale at far below market rates for a value-add play.
- Strong leasing demand: Dollar Tree backfill immediately following Peebles bankruptcy, the new 10-year deal showing the center's long-term stability.
- Value-add upside through Rate Increases.
- Outparcel pad site included in the sale adjacent to high-volume McDonald's (fast food development side).
PROPERTY FACTS
Property Type
Retail
Building Size
91,059 SF
Building Class
C
Year Built
1992
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.22
Lot Size
9.55 AC
Zoning
GCDMD
Parking
600 Spaces (3.48 Spaces per 1,000 SF Leased)
Frontage
1,014’ on New Market
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 172194 | Improvements Assessment | $1,918,477 |
| Land Assessment | $636,744 | Total Assessment | $2,555,221 |
PROPERTY TAXES
Parcel Number
172194
Land Assessment
$636,744
Improvements Assessment
$1,918,477
Total Assessment
$2,555,221
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