USDA Field Office
US - Devils Lake, Americas
€1,847,000 | 1,117 m²
Asset Description
Emerald Plantation l Food Lion Anchored Shopping Center With 5%+ CAGR Potential l Coastal North Carolina
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Attributes
Building area gross
9,616 m²
Occupancy
99%
NOI
€913,000
Year built
1986
Parking spaces
409
Zoning
Business (B)
Media
Investment Highlights
- Considerable upside via mark-to-market rental opportunities
- Affluent population with over $120k AHHI
- Benefits from 20% household growth within 1-mile over the past 3 years
- Anchored by a strong performing Food Lion (S&P BBB | Moody’s Baa1) with yearly sales of $19.7MM ($630 PSF) a 6% increase from 2022
- Coastal location provides high barriers to entry
- Diverse tenant mix with incredible 24+ years of average tenure
- Favorable zoning (Business District) allowing a wide variety of retail, professional, and residential uses
Contact brokers
Emerald Plantation Shopping Center (0 Properties)
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Last updated
22 Apr 2024
