Property profile

0 Glenburnie Rd New Bern, NC 28562

OFF-MARKET
Retail properties & Spaces
300,000 SF
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Property summary

AI-generated overview

New Bern Marketplace offers exceptional retail space for lease, ideally situated on Dr. Martin Luther King Blvd & South Glenburnie Rd in Craven County, NC (zip code 28562). This prime location boasts over 26,000 vehicles per day, ensuring high visibility and foot traffic. The property is part of a larger retail center, co-anchored by major retailers such as Harris Teeter, Walmart, and Target, creating a strong synergy and attracting a significant customer base. The area surrounding New Bern Marketplace is affluent, with average annual household incomes exceeding $81,000 within a 5-mile radius. Units are available in sizes ranging from a minimum of 2,356 square feet to a maximum contiguous space of 2,577 square feet, offering flexibility for various retail businesses. The total building size is an impressive 300,000 square feet. The property benefits from its location within a supply-constrained market with high barriers to entry, contributing to exceptionally high retail occupancy rates. Nearby national retailers include ALDI, Publix, Home Goods, Walgreens, and CVS, further enhancing the area's retail appeal and drawing a diverse customer demographic. This presents a unique opportunity for businesses seeking a high-visibility location within a thriving retail environment.

Property profile

Verified
Property type Retail properties & Spaces
Total area 300,000 SF

Cap rate & NOI

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

Location

Glenburnie Rd New Bern, NC 28562
New Bern metro
Google Maps

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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