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Property profile

103 Tanglewood Pkwy Elizabeth City, NC 27909

OFF-MARKET
Retail properties & Spaces
34,300 SF Built 2006
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Property summary

AI-generated overview

This exceptional 4,000 square foot retail space is located within the Shoppes at Tanglewood in Elizabeth City, North Carolina. The property is part of a thriving retail center shadow-anchored by a high-traffic Walmart Supercenter, attracting approximately 3.1 million visitors annually. This end-cap unit boasts oversized windows, providing ample natural light and excellent visibility. The space is immediately available and offers a fantastic opportunity for a variety of retail or restaurant uses. The center features a diverse mix of national and local tenants, including GameStop, Jersey Mike's Subs, The Athlete's Foot, Sally Beauty, Hair Cuttery, Sundays Tanning Salon, and Dental Transformations, creating a strong synergy and high foot traffic. The location benefits from its proximity to a new residential community encompassing 425 residential lots and a separate multifamily development currently under construction, ensuring a growing customer base. Furthermore, Sentara's new hospital and medical office campus, with its 80,000 square foot, 100% occupied medical office building, is conveniently located less than half a mile away, providing additional accessibility and a significant population of potential customers. The entire shopping center encompasses 34,300 square feet and offers 148 parking spaces for ample customer convenience. This property presents a rare opportunity to establish a business in a high-demand location with strong existing tenants and a rapidly expanding residential and medical community.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2006
Total area 34,300 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Market Restaurant
  • Tanning Salon
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Arcade & Gaming Center Electronics & Wireless Store
  • (Bike/Boat/Book/etc) Store

Location

103 Tanglewood Pkwy Elizabeth City, NC 27909
Elizabeth City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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