Shopping Strip
Westgate Plaza
4150 & 4130 W Vernon Ave, Kinston, NC 28504
Listing Price: $5,175,000
Cap Rate
7.60%
Gross SF
51,213
Rentable SF
51,213
Price/Gross SF
$101.05
Lot Size
6.97 acres
Year Built
1988
Investment Overview
Marcus & Millichap is pleased to present for sale Westgate Plaza located in Kinston, North Carolina.
Westgate Plaza
Investment Highlights
- Shopping Center Anchored by Harbor Freight, Badcock Furniture and PetSense
- Nine (9) Tenants • 49-Percent of GLA is Leased through 2028
- 89-Percent of Tenants are National/Regional Brands
- Weighted Average Lease Term (WALT): 5.4 Years
- Three (3) Parcels Totaling 6.97 Acres
- Includes Extra Land for Potential Development
- Across the Street from Walmart Supercenter (#2 in 30-Mile Radius)
- Strong Traffic Counts: 28,500 Vehicles Per Day on W Vernon Ave
Listing Price: $5,175,000
Cap Rate
7.60%
Gross SF
51,213
Rentable SF
51,213
Price/Gross SF
$101.05
Lot Size
6.97 acres
Year Built
1988
Investment Highlights
- Shopping Center Anchored by Harbor Freight, Badcock Furniture and PetSense
- Nine (9) Tenants • 49-Percent of GLA is Leased through 2028
- 89-Percent of Tenants are National/Regional Brands
- Weighted Average Lease Term (WALT): 5.4 Years
- Three (3) Parcels Totaling 6.97 Acres
- Includes Extra Land for Potential Development
- Across the Street from Walmart Supercenter (#2 in 30-Mile Radius)
- Strong Traffic Counts: 28,500 Vehicles Per Day on W Vernon Ave
Investment Overview
Marcus & Millichap is pleased to present for sale Westgate Plaza located in Kinston, North Carolina.
