New Strip Center with
For Lease
$29 SF/Yr
940 W Market St, Smithfield, NC 27577
Under-construction retail space offers cold dark shell delivery, endcap options, and access from two signalized corridors.
Space Size1,320 SF - 2,875 SF
Property Size21,600 SF
Days on Market112
Property Features for 940 W Market St
General Information
Standard status
Active
Size
1,320 SF - 2,875 SF
Property subtype
Retail/Office
Lease Term
NNN
Additional Details
Space Use
Retail
Building Details
Building Size
21,600 SF
Year Built
2026
Tenancy
Multi
Spaces For Lease
at 940 W Market St Contact usSte 100 $33/SF/Yr
Size
2,875 SF
Type
Strip Center
Term
60 months
Ste 101 $29/SF/Yr
Size
1,320 SF
Type
Strip Center
Term
60 months
Ste 102 $29/SF/Yr
Size
1,320 SF
Type
Strip Center
Term
60 months
Ste 103 $29/SF/Yr
Size
1,320 SF
Type
Strip Center
Term
60 months
Ste 109 $29/SF/Yr
Size
1,320 SF
Type
Strip Center
Term
60 months
Ste 110 $29/SF/Yr
Size
1,320 SF
Type
Strip Center
Term
60 months
Ste 111 $29/SF/Yr
Size
1,320 SF
Type
Strip Center
Term
60 months
Ste 112 $29/SF/Yr
Size
1,320 SF
Type
Strip Center
Term
60 months
Ste 113 $29/SF/Yr
Size
1,320 SF
Type
Strip Center
Term
60 months
Ste 114 $33/SF/Yr
Size
1,320 SF
Type
Strip Center
Term
60 months
Show more
Listed By:
Jim Perricone · License #NC #256210
(919) 628-9063
Source:
Partnerscrnc
Added: Jun 25
Changed: Oct 5
Last Checked: Oct 12 at 6:19PM
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 Jim Perricone
Investment Insights
Based on property information with market context.
A new strip center is under construction at 940 W Market St in Smithfield, North Carolina. The property will deliver as cold dark shell space, with a left endcap designed for a single-lane drive-through and a right endcap planned with an outdoor seating area. The minimum lease term is 5 years, and the tenant improvement allowance is negotiable.
The center is positioned at the signalized intersection of W Market Street, US 70 Business, and Wilson’s Mills Road, wrapping around an existing McDonald’s. It is 1.5 miles from the Amazon distribution facility and 1.5 miles west on US 70 Hwy Bus from Lennar’s Finley Landing subdivision. A 70-unit townhome project under construction will provide direct access to the development, while the proposed Bellamy subdivision, three miles north on Wilson’s Mills Road, is planned to add over 1,100 residential units.
The center is positioned at the signalized intersection of W Market Street, US 70 Business, and Wilson’s Mills Road, wrapping around an existing McDonald’s. It is 1.5 miles from the Amazon distribution facility and 1.5 miles west on US 70 Hwy Bus from Lennar’s Finley Landing subdivision. A 70-unit townhome project under construction will provide direct access to the development, while the proposed Bellamy subdivision, three miles north on Wilson’s Mills Road, is planned to add over 1,100 residential units.
Key Highlights
- New strip center under construction with 2026 delivery
- Left endcap planned for a single‑lane drive‑through
- Right endcap includes an outdoor seating area
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$4.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 27577, NC
24,972
Population
10,744
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
82%
High-School Grad
103.7 sq mi
ZIP Area
241
Density / Sq Mi
$56,237
Median Household Income
$39,604
Median Earnings
$802
Median Rent
$230,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Under-construction retail space offers cold dark shell delivery, endcap options, and access from two signalized corridors.
Where is this strip mall located?
The property is located at 940 W Market St Smithfield, NC.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: New strip center under construction with 2026 delivery; Left endcap planned for a single‑lane drive‑through; Right endcap includes an outdoor seating area
