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11210 Us 15-501 HwyAberdeen, NC 28315

Prime NC Retail Investment, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
117
Aberdeen Place, a newly constructed (2023) shopping center in Aberdeen, NC, presents a compelling investment opportunity. This 39,760 square foot multi-tenant property boasts a strong tenant mix anchored by national brands Dollar Tree and Planet Fitness, ensuring consistent cash flow. The center enjoys 100% occupancy with long-term leases (at least nine years remaining) featuring rent escalations, providing built-in rent growth. Situated on a 3.67-acre lot with 91 parking spaces, Aberdeen Place benefits from a high-traffic location along US Hwy 15-501 (17,000 vehicles per day) and N Sandhill Blvd (37,000 VPD), placing it within a major retail corridor alongside established national brands like Walmart, Harris Teeter, Food Lion, and Lowe's. The property's pro-forma NOI is $672,344. The surrounding area's robust economy, fueled by the proximity to Pinehurst's significant golf tourism (over $750M in revenue in 2022), further enhances the investment potential. This new construction minimizes the need for near-term capital expenditures, offering a stable and attractive return. The tenant mix combines national brands with service-oriented businesses resistant to e-commerce disruption, providing long-term stability and growth potential. The property is located at 11210 US 15-501 Hwy, Aberdeen, NC 28315.

Highlights

  • Strong tenant mix featuring national brands like Dollar Tree and Planet Fitness, complemented by e-commerce-resistant service businesses.
  • Excellent location in a primary retail corridor with nearby national retailers including Walmart, Harris Teeter, Food Lion, and Lowe's.
  • High-traffic area situated on US Hwy 15/501 (17,000 VPD) and adjacent to N Sandhill Blvd (37,000 VPD).
  • Brand new construction (2023 completion) minimizing near-term capital expenditure needs.
  • Long-term leases (minimum nine years remaining) with most including rent escalations matching market growth.
  • Proximity to Pinehurst, NC, a major golf destination generating over $750M in tourism revenue in 2022.

Property Details for 11210 Us 15-501 Hwy

Property type
Lifestyle centers, Power centers
Square Feet
39,760 SF
Year Built
2023
Lot Size (sq. ft)
159,865 SF

Location Insight

City
Aberdeen
County
Moore
State
North Carolina
Latitude
35.153893027513
Longitude
-79.417256590996
11210 Us 15-501 Hwy, Aberdeen, North Carolina

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11210 Us 15-501 Hwy
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