0 Spence Ave, Goldsboro, NC 27534
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.