Walmart-Anchored Shopping
4101 W Vernon Avenue, Kinston, NC 28504
For Sale
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Walmart occupies most of the center, with its current renewal extending through July 2031 and additional options remaining.
Property Size250,580 SF
Days on Market40
Property Features for 4101 W Vernon Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Anchor Co-Tenants
Traffic Count
Additional Details
Tenant in Place
Listing Agency:
Berkeley Capital Advisors Charlotte
Listed By:
Morgan Hall · License NC #303815
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 5:59PM
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 Berkeley Capital Advisors Charlotte
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Investment Insights
Based on property information with market context.
Kinston Pointe is a 250,580-square-foot shopping center anchored by a 185,786-square-foot Walmart, representing 74% of the property’s gross leasable area. Walmart has operated at the center since 1991 and exercised a renewal option through July 2031; three additional five-year options remain. Contractual rent increases and near-term mark-to-market opportunities support a stated 3.01% NOI CAGR over a 10-year hold.
The center fronts US-70, an east-west route through Kinston and Lenoir County with reported traffic of 30,000 vehicles per day. Nearby employment and institutional uses include an industrial park with Amazon, Electrolux, Pactiv, and Sanderson Farms, as well as UNC Health Lenoir Hospital.
The center fronts US-70, an east-west route through Kinston and Lenoir County with reported traffic of 30,000 vehicles per day. Nearby employment and institutional uses include an industrial park with Amazon, Electrolux, Pactiv, and Sanderson Farms, as well as UNC Health Lenoir Hospital.
Key Highlights
- 250,580‑square‑foot shopping center anchored by Walmart
- Walmart occupies 185,786 square feet, or 74% of GLA
- Walmart has operated at the center since 1991
Property Analytics
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Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
356k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 27%
Superstores 21%
Groceries 4%
Walmart
Superstores
75,097 visits/mo
0.1 miles
Chick-fil-A
Dining
44,807 visits/mo
0.5 miles
McDonald's
Dining
30,170 visits/mo
0.3 miles
Royal Farms
Shops & Services
29,442 visits/mo
0.4 miles
Murphy USA
Shops & Services
24,149 visits/mo
0.3 miles
Demographics for 28504, NC
20,180
Population
9,355
Households
2.2
Avg Household Size
45
Median Age
18%
College-Educated
84%
High-School Grad
121.1 sq mi
ZIP Area
167
Density / Sq Mi
$50,650
Median Household Income
$35,717
Median Earnings
$905
Median Rent
$124,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- fi.d.o — Petco, 1150 Hill Farm Rd, Kinston, NC 28504
- Village Square — 1136 US-258, Kinston, NC 28504
- Kinston Pointe — 4104 W Vernon Ave, Kinston, NC 28504
Frequently Asked Questions
What type of property is this?
Shopping center - Walmart occupies most of the center, with its current renewal extending through July 2031 and additional options remaining.
Where is this shopping center located?
The property is located at 4101 W Vernon Avenue Kinston, NC.
What are key features of this property?
This property features: 250,580‑square‑foot shopping center anchored by Walmart; Walmart occupies 185,786 square feet, or 74% of GLA; Walmart has operated at the center since 1991
