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Retail Space in Southern Pines
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1 Pinecrest Plaza, Southern Pines, NC 28387

Community shopping center anchored by Belk and Food Lion.

Days on Market250

Property Features for 1 Pinecrest Plaza

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Raleigh
Listed By: Matt Larson
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 10 Last Checked: Jul 30 at 3:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Raleigh

Investment Insights

Based on property information with market context.

This community shopping center, encompassing 258,575 square feet, is anchored by Belk and Food Lion. It is strategically located at the signalized intersection of US Highway 15-501 and Morganton Road, within a prominent retail corridor in Southern Pines.

Key Highlights

  • Anchored by Belk and Food Lion
  • 258,575 SF community shopping center
  • Ideally positioned at the signalized intersection of US Hwy 15‑501 and Morganton Road

Property Analytics

Current Use

Belk Department Store

Suggested Use

Top Pick Auto Repair Shop Parking Lot & Garage Electrical Service HVAC Service Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

326
Businesses Nearby
206k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 34% Shops & Services 30% Groceries 23% Dining 6%
Belk Apparel
45,627 visits/mo 0.2 miles
Food Lion Grocery Store Groceries
25,339 visits/mo 0.1 miles
Michaels Shops & Services
24,150 visits/mo 0.2 miles
The Fresh Market Groceries
21,423 visits/mo 0.3 miles
The UPS Store Shops & Services
14,772 visits/mo 0.1 miles

Demographics for 28387, NC

16,413
Population
8,731
Households
1.9
Avg Household Size
45
Median Age
53%
College-Educated
93%
High-School Grad
29.5 sq mi
ZIP Area
556
Density / Sq Mi
$73,587
Median Household Income
$51,681
Median Earnings
$1,137
Median Rent
$366,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Community shopping center anchored by Belk and Food Lion.
Where is this strip mall located?
The property is located at 1 Pinecrest Plaza Southern Pines, NC.
What are key features of this property?
This property features: Anchored by Belk and Food Lion; 258,575 SF community shopping center; Ideally positioned at the signalized intersection of US Hwy 15‑501 and Morganton Road
More about this property
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