Property profile

0 Spence Ave Goldsboro, NC 27534

OFF-MARKET
Lifestyle centers
34,895 SF 5.5 ac lot Built 1988
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Property summary

AI-generated 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

Verified
Property type Lifestyle centers
Year built 1988
Total area 34,895 SF
Lot 5.5 ac (239,580 SF)

Cap rate & NOI

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

Location

Spence Ave Goldsboro, NC 27534
Goldsboro metro
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Value estimations

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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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