Spence Ave Goldsboro, NC 27534
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14-Tenant Net Lease Shopping Center
Property size:
34,895 SFProperty Features for 0 Spence Ave
General Information
- Property type
- Lifestyle centers
- Square Feet
- 34,895 SF
- Lot Size
- 239,580 SF
Building Details
- Year Built
- 1988
- Buildings
- 1
Listing Agency: Exclusive Realty Listing Agent: Steve Sagmani
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 34,895 square foot, 14-tenant shopping center in Goldsboro, North Carolina. Boasting 100% occupancy and a strong NOI of $605,451, this property offers a 7.12% cap rate at an asking price of $8,500,000. Built in 1988 on a 5.5-acre lot, the single-building property benefits from a Net Lease structure with rent bumps already in place. Two key tenants, GameStop and Sun Com Mobile, have recently renewed their leases, demonstrating market confidence. The center enjoys a prime location near Seymour Johnson Air Force Base, supporting a large customer base, and is also conveniently situated near the Goldsboro YMCA, Hampton Inn, Best Western, and other significant businesses. The property's proximity to a high-volume area, combined with the strong tenant mix and favorable lease terms, makes this a compelling investment prospect for discerning buyers. The median home value within a two-mile radius is $185,000, indicating a robust local economy. This versatile space is ideal for various retail applications, offering a solid foundation for long-term growth and return on investment. The property is zoned for general business use.
Property Profile
Location Intelligence
Current Use by Public Records
Lifestyle centers
Map
- City
- Goldsboro
- County
- Wayne
- State
- North Carolina
- Longitude
- -77.9482977
- Latitude
- 35.383575
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FAQs
What type of property is this?
Lifestyle center - 14-Tenant Net Lease Shopping Center
Where is this lifestyle center located?
The property is located at Spence Ave Goldsboro, NC.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: $8,500,000 asking price, 7.12% cap rate, and $605,451 NOI.; 100% occupied, 14-tenant shopping center with built-in rent bumps.; 34,895 square feet on a 5.5-acre lot in Goldsboro, NC.
