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Shopping Strip

Winterville Town Center

2535 Elaines Way, Winterville, NC 28590

Listing Price: $3,250,000

Cap Rate
7.13%
Gross SF
32,255
Rentable SF
32,255
Price/Gross SF
$100.76
Lot Size
2.60 acres
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to present for sale a multi-tenant retail/flex building located in Winterville, North Carolina, a submarket of Greenville. The subject property, Winterville Town Center, is 32,255 square feet and was constructed in 2001. It is 90-percent leased to three tenants: Harbor Freight Tools, Sherwin-Williams, and Elite Flooring, and there will be one vacancy for immediate upside. All three current tenants have been at the property for roughly 15-years and have executed several renewal options, and in some cases expanded their footprint, showing strong commitment and evidence to their success at this excellent location. Winterville Town Center is situated on a 2.60 acre lot at the hard corner signalized intersection of Winterville Parkway (28,000 VPD) and Forlines Road. The subject property is approximately one mile from one of Winterville’s main retail corridors. Major retailers include Sam’s Club, Dollar Tree, Chick-Fil-A, CarMax, Chipotle, Starbucks, McDonald’s, and Aldi. Pitt Community College (8,000+ Enrollment) is also located within a mile of the subject property. Additional major retailers and interest points in the area include Burlington, Lowe’s Home Improvement, Food Lion, Kohls, Hobby Lobby, and Walmart Neighborhood Market. Winterville Town Center is less than seven (7) miles from downtown Greenville and East Carolina University. East Carolina University has an enrollment of over 29,000 students and is the fourth largest university in the state of North Carolina.

Investment Highlights

  • Winterville Town Center | 32,255 Sq. Ft. | Retail / Flex Building
  • 90% Leased | 60% Credit Tenants Anchored by Sherwin Williams (S&P BBB Credit) and Harbor Freight Tools (S&P: BB Credit)
  • Signalized Intersection of Winterville Parkway and Forlines Road | 28,000 Vehicles Per Day
  • Harbor Freight: Ranked #6 out of 32 Stores Tracked in North Carolina* | Near Sam's Club: Ranked #4 Most Visited Sam's Club in North Carolina*
  • Surrounded by High-Traffic Retailers: Walgreen, Sam's Club, Dollar Tree, Advance Auto, Chick-Fil-A, Burlington, Aldi, Chipotle, CarMax, and More
  • One Mile to Pitt Community College (8,000+ Enrollment)
  • Seven Miles to Downtown Greenville, NC | County Seat of Pitt County | East Carolina University: #4 Largest University in NC with 29,000+ Enrollment
  • Five Mile Population: 79,060+ | Avg. Household Income: $73,997 in Five Mile Radius

Exclusively Listed By

Shopping Strip

Winterville Town Center

Listing Price: $3,250,000

Cap Rate
7.13%
Gross SF
32,255
Rentable SF
32,255
Price/Gross SF
$100.76
Lot Size
2.60 acres
Year Built
2001

Investment Highlights

  • Winterville Town Center | 32,255 Sq. Ft. | Retail / Flex Building
  • 90% Leased | 60% Credit Tenants Anchored by Sherwin Williams (S&P BBB Credit) and Harbor Freight Tools (S&P: BB Credit)
  • Signalized Intersection of Winterville Parkway and Forlines Road | 28,000 Vehicles Per Day
  • Harbor Freight: Ranked #6 out of 32 Stores Tracked in North Carolina* | Near Sam's Club: Ranked #4 Most Visited Sam's Club in North Carolina*
  • Surrounded by High-Traffic Retailers: Walgreen, Sam's Club, Dollar Tree, Advance Auto, Chick-Fil-A, Burlington, Aldi, Chipotle, CarMax, and More
  • One Mile to Pitt Community College (8,000+ Enrollment)
  • Seven Miles to Downtown Greenville, NC | County Seat of Pitt County | East Carolina University: #4 Largest University in NC with 29,000+ Enrollment
  • Five Mile Population: 79,060+ | Avg. Household Income: $73,997 in Five Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale a multi-tenant retail/flex building located in Winterville, North Carolina, a submarket of Greenville. The subject property, Winterville Town Center, is 32,255 square feet and was constructed in 2001. It is 90-percent leased to three tenants: Harbor Freight Tools, Sherwin-Williams, and Elite Flooring, and there will be one vacancy for immediate upside. All three current tenants have been at the property for roughly 15-years and have executed several renewal options, and in some cases expanded their footprint, showing strong commitment and evidence to their success at this excellent location. Winterville Town Center is situated on a 2.60 acre lot at the hard corner signalized intersection of Winterville Parkway (28,000 VPD) and Forlines Road. The subject property is approximately one mile from one of Winterville’s main retail corridors. Major retailers include Sam’s Club, Dollar Tree, Chick-Fil-A, CarMax, Chipotle, Starbucks, McDonald’s, and Aldi. Pitt Community College (8,000+ Enrollment) is also located within a mile of the subject property. Additional major retailers and interest points in the area include Burlington, Lowe’s Home Improvement, Food Lion, Kohls, Hobby Lobby, and Walmart Neighborhood Market. Winterville Town Center is less than seven (7) miles from downtown Greenville and East Carolina University. East Carolina University has an enrollment of over 29,000 students and is the fourth largest university in the state of North Carolina.

Exclusively Listed By

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