x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Goldsboro Retail Center, Goldsboro, NC

Goldsboro Retail Center

Goldsboro, NC

Price $6,250,000
Cap Rate 5.97%
NOI $373,011
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2017
Building Size 18,496 SF
Lot Size 1.3 Acres (56,628 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Scott Crowle
Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

MULTI-TENANT RETAIL CENTER FEATURING NATIONAL TENANTS WITH VALUE-ADD UPSIDE
» Listing Price is based on “As-Is” NOI with an additional 5,000 SF improved space of value add increasing unleveraged return to 8.36% upon lease up
» Excellent mix of nationally recognized retailers
» Multi-tenant shopping center offers investment diversification
» High-quality 2017 construction limiting near-term maintenance and capital expenditures

HIGH-TRAFFIC LOCATION IN DENSELY POPULATED AND GROWING CORRIDOR
» Located along North Berkeley Boulevard (31,000 AADT), a major east-west Goldsboro thoroughfare
» 46,590 residents live within five miles of the location, establishing regular local traffic to the property
» Projected eight percent average household income increase within five miles of the site in the next five years, poising Goldsboro for significant growth
» Visibility from U.S. Route 70 (36,000 AADT), greatly increasing commuter traffic to the site

CENTRAL LOCATION NEAR GOLDSBORO’S LARGEST COMMUNITY HUBS, EMPLOYERS, AND RETAILERS
» One mile from Seymour Johnson Air Force Base, Goldsboro’s primary population and economic driver (population of 12,482)
» Surrounded by a strong mix of national retailers, including Target, Dick’s Sporting Goods, PetSmart, Belk, Popeyes, Burger King, Taco Bell, and many more
» 3.5 miles from Goldsboro’s primary health care provider, Wayne UNC Health Care (261 beds, 2,000 employees)
» Within four miles of Wayne Community College (3,977 students), Meadow Lane Elementary School (595 students), and Greenwood Middle School (479 students)
» Centrally located between major North Carolina metropolitan hubs, including Greenville, Raleigh, and Fayetteville



Property Description

The property has an easily accessible location along North Berkeley Boulevard, with visibility and access to 31,000 AADT. The site maintains a central location at the confluence of highly trafficked North Carolina thoroughfares, including U.S. Route 70 (36,000 AADT). The site benefits from its location in a populous area, with 46,590 residents living within a five-mile radius of the property. With a projected eight percent average annual household income increase within a five-mile radius of the property in the next five years, along with a forecasted population increase in the immediate area, Goldsboro is poised for significant growth.

The property is strategically located near multiple area attractions, retailers, and community hubs. The location is one mile from Seymour Johnson Air Force Base, Goldsboro’s primary population and economic driver (population of 12,482). The site is surrounded by a strong mix of local and national retailers, including Target, Dick’s Sporting Goods, PetSmart, Belk, Popeyes, Burger King, Taco Bell, and many more. The property is also ideally located 3.5 miles from Goldsboro’s primary health care provider, Wayne UNC Health Care (261 beds, 2,000 employees), and within four miles of Wayne Community College, Meadow Lane Elementary School, and Greenwood Middle School (combined 5,051 students). The site benefits from its central location between major North Carolina metropolitan hubs, including Greenville, Raleigh, and Fayetteville.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link