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Shopping Strip

Walmart Shadow Center

110 River Oaks Dr, Tarboro, NC 27886

Listing Price: $4,870,000

Cap Rate
7.00%
Gross SF
32,802
Rentable SF
32,802
Price/Gross SF
$148.47
Lot Size
3.44 acres
Year Built
2002

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 32,802 SF Walmart Supercenter shadow anchored retail center located in Tarboro, NC • The property offers immediate upside at 80% occupancy • The center includes a complimentary mix of restaurants, service tenants, and national brands such as Rent-A-Center, Salvation Army, Shoe Dept., & Jersey Mikes • The center is shadow anchored by a high-performing Walmart since 2002 | Walmart owns the Walmart • Leasing Momentum | 2 New Lease & 6 Renewals since 2020 • Stable Tenancy | Avg Tenant Tenure: 9.86 Years VALUE-ADD | IMMEDIATE UPSIDE OPPORTUNITY • The shopping center is 80% leased, presenting immediate upside opportunity for an investor • Average Rent: $13.16 PSF DOMINANT RETAIL CENTER • This shopping center sees 2.6M annual visits • It is the #1 most visited shopping center in a 15-Mile Radius and is in the top 10% of visits in North Carolina • This site pulls from a 30+ mile trade area INTERSTATE LOCATION • Shopping center is located at the intercept position of two major interstates • Property is located just off the exit ramp of Interstate 64, leading directly to Raleigh • Property is located on Westerb Blvd, which connects the site to the city of Tarboro TARBORO, NC • Tarboro is a town located in Edgecombe County, North Carolina & is part of the Rocky Mount Metropolitan Statistical Area • The ninth-oldest incorporated town of North Carolina, Tarboro is located 70 miles east of Raleigh near the western edge of North Carolina’s coastal plains and is known as the home of many historical sites dating back to the early 19th century • Recognized by the National Park Service in 1977, the 45-block Tarboro Historic District has more than 300 contributing structures, from residences to historic churches to original 19th-century storefronts along Tarboro's Main Street

Investment Highlights

  • High Performing Walmart Shadow Anchor
  • Leasing Momentum | 2 New Leases & 6 Renewals
  • Stable Tenant History AVG. Tenure 13+ Years
  • Value-Add 80% Occupied
  • Interstate Location
  • #1 Retail Center In Market 2.6M Annual Visits

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1100

    License(s) NC: 241055

    North Carolina

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $4,870,000

Cap Rate
7.00%
Gross SF
32,802
Rentable SF
32,802
Price/Gross SF
$148.47
Lot Size
3.44 acres
Year Built
2002

Investment Highlights

  • High Performing Walmart Shadow Anchor
  • Leasing Momentum | 2 New Leases & 6 Renewals
  • Stable Tenant History AVG. Tenure 13+ Years
  • Value-Add 80% Occupied
  • Interstate Location
  • #1 Retail Center In Market 2.6M Annual Visits

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 32,802 SF Walmart Supercenter shadow anchored retail center located in Tarboro, NC • The property offers immediate upside at 80% occupancy • The center includes a complimentary mix of restaurants, service tenants, and national brands such as Rent-A-Center, Salvation Army, Shoe Dept., & Jersey Mikes • The center is shadow anchored by a high-performing Walmart since 2002 | Walmart owns the Walmart • Leasing Momentum | 2 New Lease & 6 Renewals since 2020 • Stable Tenancy | Avg Tenant Tenure: 9.86 Years VALUE-ADD | IMMEDIATE UPSIDE OPPORTUNITY • The shopping center is 80% leased, presenting immediate upside opportunity for an investor • Average Rent: $13.16 PSF DOMINANT RETAIL CENTER • This shopping center sees 2.6M annual visits • It is the #1 most visited shopping center in a 15-Mile Radius and is in the top 10% of visits in North Carolina • This site pulls from a 30+ mile trade area INTERSTATE LOCATION • Shopping center is located at the intercept position of two major interstates • Property is located just off the exit ramp of Interstate 64, leading directly to Raleigh • Property is located on Westerb Blvd, which connects the site to the city of Tarboro TARBORO, NC • Tarboro is a town located in Edgecombe County, North Carolina & is part of the Rocky Mount Metropolitan Statistical Area • The ninth-oldest incorporated town of North Carolina, Tarboro is located 70 miles east of Raleigh near the western edge of North Carolina’s coastal plains and is known as the home of many historical sites dating back to the early 19th century • Recognized by the National Park Service in 1977, the 45-block Tarboro Historic District has more than 300 contributing structures, from residences to historic churches to original 19th-century storefronts along Tarboro's Main Street

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1100

    License(s): NC: 241055

    North Carolina

Financing By

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