570-576 E Fleming Dr | Morganton, NC 28655
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570-576 E Fleming Dr
Morganton, NC 28655
Summit Pointe Shopping Center · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Building Size
44,425 SF
Building Class
B
Year Built
2000
Percent Leased
26%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
8.45 AC
Zoning
AA4
Parking
220 Spaces (5.1 Spaces per 1,000 SF Leased)
ABOUT 570-576 E FLEMING DR , MORGANTON, NC 28655
INVESTMENT HIGHLIGHTS - Grocery Anchored Center: Summit Pointe is anchored by Food Lion, one of the largest grocery chains in the Southeast. Food Lion is headquartered in Salisbury, North Carolina and operates more than 1,100 supermarkets in 10 states of the Southeastern United States. Food Lion has operated at this location since June 2000 - Priced at an attractive 10% cap rate - Purchase price is well-below replacement costs at $79 per square foot
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