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Washington Square

719 W. 15th St.

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Washington, NC 27889

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Washington Square

719 W. 15th St.

Washington, NC 27889

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Contact Broker

Square
Jimmy Wright Shareholder & Broker

jwright@furmancap.com
(O) 864.232.9040
(F) 864.235.4300

 
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Cameron Babbitt Broker

cameron@furmancap.com
(O) 864.232.9040
(F) 864.235.4300

 
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Ted Lyerly, CCIM Broker

tlyerly@naiearlefurman.com
(O) 864.232.9040
(F) 864.235.4300

 
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Jon Good, SIOR CEO & Broker-in-Charge

jgood@naiearlefurman.com
(O) 864.232.9040
(F) 864.235.4300

 


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Food Lion - Belk Anchored Shopping Center

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For Sale
Price:
$22,500,000
Building Size:
245,331 SF
Property Type:
Retail
Download Property Flyer OM - 719 W 15th St, Washing...
 


Highlights

  • New 20-year Food Lion lease
  • Recent, early six-year extensions from both Belk and NC DEHNR
  • 70% corporate credit tenants
  • Ten-year historic occupancy exceeding 95%
  • Five outparcels included in sale, four of which are improved including Bank of America and Wells Fargo
  • Dominant center in the market
  • Sale Price: $22,500,000 (8.00% Cap Rate)
  • NOI: $1,806,334.48

Description

For Sale Investment Property

Located at the intersection of W. 15th Street and Carolina Avenue.