Overview

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Description

173,244 Square Foot Neighborhood Shopping Center

Belk Has Occupied for Over 20 Years | AVG Overall Historical Occupancy 13yrs

Low Rents | AVG $5.41 Rent/SF | 7-Units or 40,572 SF of Vacancy Upside

Mix of Long-Term Leases on Larger Spaces, Short-Term on Smaller Spaces

Majority NNN Leases | Approx. 50% Expense Recapture Even With 23% Vacancy

Priced Well Below Replacement Cost | Low Deferred Maintenance

Greensboro, NC 1hr, Raleigh 1.5hrs, Richmond, VA 2hrs

Location

Discover the charm of South Boston, VA, a thriving town with a rich history and promising future. Situated in a picturesque setting, the area offers a blend of small-town allure and modern amenities. Nestled near the property, you'll find delightful shops, local eateries, and cultural attractions, providing a vibrant backdrop for potential Office / Office Building investors. With easy access to major roadways and a welcoming community spirit, the location presents an enticing opportunity for those seeking a strategic commercial investment. Embrace the dynamic potential of this burgeoning area, where the appeal of Southern hospitality meets the allure of entrepreneurial success.

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