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Shopping Strip

Port Elizabeth Centre

1873 W Ehringhaus St, Elizabeth City, NC 27909

Listing Price: $19,168,000

Cap Rate
9.00%
Gross SF
227,399
Rentable SF
227,399
Price/Gross SF
$84.29
Lot Size
34.96 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present for sale a 227,399 square foot retail and logistics offering located in Elizabeth City, North Carolina. The subject property, Port Elizabeth Centre, is 99% leased with 92% of the GLA occupied by national and/or credit tenants.

Investment Highlights

  • Port Elizabeth Center | 227,399 Sq Ft | Retail + Logistics Offering
  • 99% Leased with 92% of GLA National and/or Credit Tenants: Planet Fitness, Ollie's Bargain Outlet, Dollar Tree, US Government, Harbor Freight
  • 74% of GLA: Tenants in Place for Past 10+ Years
  • More Than $1.4 Million Spent on Capital Improvements including Roofs, HVACs, Asphalt, Signage
  • Large 34.96 Acre Parcel | GB (General Business) Zoning Allows Wide Variety of Uses
  • Essential Services Location for US Government (Coast Guard)
  • Positioned Between Two (2) Signalized Intersections
  • Located Near Lowe's Home Improvement and Chick-Fil-A | Both are Top 20 in NC (Source Placer Ai)

Exclusively Listed By

Financing By

Shopping Strip

Port Elizabeth Centre

Listing Price: $19,168,000

Cap Rate
9.00%
Gross SF
227,399
Rentable SF
227,399
Price/Gross SF
$84.29
Lot Size
34.96 acres
Year Built
1990

Investment Highlights

  • Port Elizabeth Center | 227,399 Sq Ft | Retail + Logistics Offering
  • 99% Leased with 92% of GLA National and/or Credit Tenants: Planet Fitness, Ollie's Bargain Outlet, Dollar Tree, US Government, Harbor Freight
  • 74% of GLA: Tenants in Place for Past 10+ Years
  • More Than $1.4 Million Spent on Capital Improvements including Roofs, HVACs, Asphalt, Signage
  • Large 34.96 Acre Parcel | GB (General Business) Zoning Allows Wide Variety of Uses
  • Essential Services Location for US Government (Coast Guard)
  • Positioned Between Two (2) Signalized Intersections
  • Located Near Lowe's Home Improvement and Chick-Fil-A | Both are Top 20 in NC (Source Placer Ai)

Investment Overview

Marcus & Millichap is pleased to present for sale a 227,399 square foot retail and logistics offering located in Elizabeth City, North Carolina. The subject property, Port Elizabeth Centre, is 99% leased with 92% of the GLA occupied by national and/or credit tenants.

Exclusively Listed By

Financing By

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