48-86 W US Highway 64
Lexington, NC 27295
Auction: 3/5/2018: Lexington Center II · Retail Property For Sale

Property tours are available by appointment ONLY. Please contact Addison Montague to schedule at montague@berkeleycap.com or 704-714-2376. Investment Highlights: Walmart shadow-anchored retail center in the Greensboro/Winston-Salem market Anchored by both Dollar General and Dollar Tree ±64% occupied by a mix of national and local tenants with a staggered rollover schedule Walmart's presence has contributed to the recent lease up of space in the last 2 years Tremendous value-add opportunity through lease-up of the available ±35% of GLA Easily accessible with direct frontage on US Hwy 64 Exceptionally positioned with unparalleled access to Lexington and the surrounding region Investment Overview: Lexington Center II is a ±81,313 SF neighborhood center located at 48 - 86 W US Highway 64 in Lexington, NC, approximately 30 miles south of Winston-Salem and Greensboro, NC. This asset is currently anchored by both Dollar General and Dollar Tree, providing the national stability internally while also being shadow anchored by a Walmart Neighborhood Market. The Property presents investors the opportunity to purchase a Walmart-shadow anchored center with tremendous value-add p The Property presents investors the opportunity to purchase a Walmart-shadow anchored center with tremendous value-add potential. Lexington Center II sits on a 9.34 AC parcel and represents a portion of a larger shopping center totaling approximately ñ140,000 sf containing Walmart Neighborhood Market (not included in sale). The Property is contains a multi-tenant, one-story, inline center improved with asphalt paved driveways and parking areas, concrete sidewalks and landscaping. The Property is currently 62.69% occupied by a mix of national and local tenants including Dollar General, Dollar Tree, Carolina Tobacco Emporium, Fuji Moto, Golden Antiques, JBs Sports Bar, Liberty Lexington, North Carolina Tax Service, a Nail Salon, and National Wholesale. The available ñ28,875 SF of in-line retail space are available for immediate lease-up and offers investors immediate up-side through lease-up. Even at conservative rental rates, this presents investors with the opportunity to add over $206k in additional revenue. This much vacancy also appeals to an investor market that is actively searching for value-add/opportunistic assets right now.