Building Details

Year Built 2007

Buildings 1

Stories 1

Tenancy Multi

Listing Agency: Lee & Associates - Raleigh Durham

Listed By: Jake Plotkin · License #NC 257898 Show Phone

Source: Crexi

Added: Mar 31 Changed: Oct 9 Last Checked: Oct 16 at 6:03AM

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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 Lee & Associates - Raleigh Durham

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Investment Insights

Based on property information with market context.

This 12,496-square-foot shopping center, completed in 2007, is configured as a multi-tenant retail property with a Dollar General anchor. Dollar General occupies 10,675 square feet, while Village Pizza occupies 1,575 square feet. A SECU ATM adds another customer-service component to the tenant mix.

The property is located at 8302 Belews Creek Road in Stokesdale, North Carolina, with access to NC Highway 65 and proximity to US-158 and NC-68. Those routes connect with I-73 and I-840, while Greensboro and Kernersville are approximately 15 minutes away and Winston-Salem is about 25 minutes away.

Dollar General has two remaining five-year renewal options. The property is offered at a 7.50% cap rate.

Key Highlights

• 12,496‑square‑foot shopping center completed in 2007
• Dollar General occupies 10,675 square feet as the anchor tenant
• Village Pizza occupies 1,575 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$114,125

Cap Rate

8.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,282,500 $2.3M

Cap Rate 7%

$1,630,357 $1.6M

Cap Rate 9%

$1,268,056 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,496 SF

Gross rent

$176.9K $14.16/SF

− Vacancy

−$13.9K −$1.11/SF

EGI

$163.0K $13.05/SF

− OpEx

−$48.9K −$3.91/SF

NOI

$114.1K $9.13/SF

Area

Guilford County, NC

Vacancy

7.86%

Lease Rate

$14.16 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,282,500

Cap Rate 7%

$1,630,357

Cap Rate 9%

$1,268,056

Alternative Uses

Best Use

Specialty Retail

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,391 @ 7.0% cap · market cap 9.84%

Second Best

Retail

$1.63M

$1.43M – $1.90M (±1% cap)

NOI $114,125 @ 7.0% cap · market cap 8.61%

Theoretical Best

Office A

$2.51M

$2.19M – $2.92M (±1% cap)

NOI $175,480 @ 7.0% cap · market cap 13.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Village Pizza Restaurant FedEx OnSite Postal Service Redbox Cinema CashPoints® ATM Atm

Suggested Use

Top Pick Real Estate Agency Pharmacy Garden Center Grocery & Convenience Store Law Firm Building Supply

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

114

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 27357, NC

9,190

Population

4,016

Households

2.3

Avg Household Size

43

Median Age

29%

College-Educated

92%

High-School Grad

42.7 sq mi

ZIP Area

215

Density / Sq Mi

$78,779

Median Household Income

$48,475

Median Earnings

$856

Median Rent

$259,600

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

Frequently Asked Questions

What type of property is this?

Shopping center - Multi-tenant retail property with daily-needs merchandising, food service, and on-site ATM convenience.

Where is this shopping center located?

The property is located at 8302 Belews Creek Road Stokesdale, NC.

What is the asking price?

The asking price for this property is $1,325,400.

What are key features of this property?

This property features: 12,496‑square‑foot shopping center completed in 2007; Dollar General occupies 10,675 square feet as the anchor tenant; Village Pizza occupies 1,575 square feet