151 Moore Rd King, NC 27021

Property Details for 151 Moore Rd

Property size

1,250 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional 8-acre site in King, NC (151 Moore Rd, 27021), presents a prime opportunity for a large-format retail development. The property offers flexibility, accommodating a build-to-suit option or a ground lease arrangement. The site is strategically located adjacent to a 14-unit retail market center (currently under construction, with tenant occupancy anticipated in October/November 2023) featuring 12 upper-level office suites. Further enhancing the location's appeal are 64 planned rental townhomes (renting for $1500-$1800/month) and 122 single-family homesites (average build price $480,000+). The existing market center offers immediate synergy and increased foot traffic potential. The property also includes three available outparcels. The site is ready for immediate development, with all utilities already in place. Available space within the existing market center includes main-level retail spaces ranging from 1200 to 1560 square feet, main-level and upper-level restaurant spaces (3200+ sq ft and 1750-2000 sq ft respectively), and six upper-level office spaces (1600-7000 sq ft). All spaces are ready for tenant improvements. The total available space for the anchor site ranges from 1,250 to 70,000 square feet, suitable for a variety of grocery store or other large retail concepts. The property is currently 30% occupied. This is a unique opportunity to establish a significant retail presence in a rapidly growing community.