Emerald Plantation Shopping Center_Property for Sale
Emerald Plantation Shopping Center_Property for Sale
8700 Emerald Dr, Emerald Isle, NC, 28594, US

Emerald Plantation Shopping Center

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
CN¥6,980,000
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


Emerald Plantation Shopping Center 4_Property for Sale
Emerald Plantation Shopping Center 4_Property for Sale

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Emerald Plantation Shopping Center (0 Properties)

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Last updated
16 May 2024