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Piggly Wiggly Grocery Investment 7 Properties Offered at $8,300,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- 7 Properties
- NNN leases with 9+ years remaining
- $62.13 price per square foot
- $649,451 Annual Gross Revenue
- 100% Occupancy
- 133,591 square feet
EXECUTIVE SUMMARY
This is an offering of (4) Piggly Wiggly stores and additional retail buildings to be sold together in one portfolio. All (4) grocery stores are under a 10-year lease with 9 years remaining. These properties have been owner occupied and managed for decades and are operating at 100% occupancy all on NNN leases. These properties have been on a rigorous routine maintenance schedule and are in excellent condition. Rents are all at stabilized market levels and most tenants have been there for years. This is a great investment opportunity with solid cash flow.
PROPERTY FACTS
| Price | $8,300,000 | Status | Active |
| Price / SF | $62.52 / SF | Number of Properties | 7 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.05% | Total Building Size | 132,764 SF |
| Sale Type | Investment | Total Land Area | 19.02 AC |
| Price | $8,300,000 |
| Price / SF | $62.52 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.05% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 132,764 SF |
| Total Land Area | 19.02 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 229 E Church St, Laurinburg, NC 28352 | Retail | 18,836 SF | 1963 | - |
| 104 S Patterson St, Maxton, NC 28364 | Retail | 23,580 SF | 1983 | - |
| 210 E 4th Ave, Red Springs, NC 28377 | Retail | 23,707 SF | 1972 | - |
| 214 E 4th Ave, Red Springs, NC 28377 | Retail | 3,165 SF | 2003 | - |
| 0 S 5th St, Saint Pauls, NC 28384 | Flex | 12,624 SF | 1995 | - |
| 3505 S Fifth St, Saint Pauls, NC 28384 | Retail | 38,549 SF | 1995 | - |
|
Maxway
315 N 5th St, Saint Pauls, NC 28384 |
Retail | 12,303 SF | 1972 | - |
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Piggly Wiggly Grocery Investment
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