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Anchored Shopping Center

1605 Way Street, Reidsville, NC 27320

For Sale
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Food Lion and CVS occupy more than 73% of the center and have been tenants for over 30 years.

Property Size51,154 SF
Price / SF$102.83
Days on Market12

Property Features for 1605 Way Street

General Information

Standard status Active
Size 51,154 SF
Property subtype Retail

Additional Details

Anchor Co-Tenants Food Lion, CVS
Tenant in Place Yes

Building Details

Tenancy Multi
Listing Agency: Sands Investment Group
Listed By: Gary Berwick · License NC #312724
Source: Crexi
Added: Oct 29 Changed: Nov 8 Last Checked: Nov 8 at 4:28PM

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 Sands Investment Group

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Investment Insights

Based on property information with market context.

Southwood Village is a 51,154-square-foot shopping center at 1605–1613 Way Street in Reidsville, North Carolina. Food Lion and CVS anchor the property, occupying more than 73% of its space. Both retailers have operated at this location for over 30 years.

The center’s tenant mix includes grocery and pharmacy retailers, with the two anchors representing the majority of the property’s occupied area.

Key Highlights

  • 51,154 SF shopping center at 1605–1613 Way Street in Reidsville, NC
  • Food Lion and CVS together occupy over 73% of the center
  • Food Lion and CVS have maintained a presence at the property for more than 30 years

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Primo Water Exchange Big Box & Wholesale Store Food Lion Grocery & Convenience Store Western Union Bank Coinstar Kiosk | Bitcoin ... Atm

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Storage Facility Electrical Service

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

270
Businesses Nearby
Well-served
Demand for This Use

Demographics for 27320, NC

37,843
Population
17,876
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
244.9 sq mi
ZIP Area
155
Density / Sq Mi
$55,491
Median Household Income
$37,258
Median Earnings
$776
Median Rent
$170,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Similar Off Market Nearby

  • Patrick Henry Commons — Reidsville, NC 27320, United States
  • Pennrose Mall — 1531 S Scales St, Reidsville, NC 27320
  • Coinstar Kiosk | Bitcoin ATM — Food Lion, 1605 Way St, Reidsville, NC 27320
  • Executive Corner — 1309 northup st, reidsville, nc 27320
  • Midtown Square — 730 S Scales St, Reidsville, NC 27320

Frequently Asked Questions

What type of property is this?
Shopping center - Food Lion and CVS occupy more than 73% of the center and have been tenants for over 30 years.
Where is this shopping center located?
The property is located at 1605 Way Street Reidsville, NC.
What is the asking price?
The asking price for this property is $5,260,000.
What are key features of this property?
This property features: 51,154 SF shopping center at 1605–1613 Way Street in Reidsville, NC; Food Lion and CVS together occupy over 73% of the center; Food Lion and CVS have maintained a presence at the property for more than 30 years
(980) 729-5648 Call to check price and availability
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