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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.

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

Exclusively Listed By

Financing By

Shopping Strip

Westgate Plaza

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.

Exclusively Listed By

Financing By

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