11210 Us 15-501 HwyAberdeen, NC 28315

Property Details for 11210 Us 15-501 Hwy

Year built

2023

Lot size

3.67 AC

Property size (Sq ft)

39,760 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Aberdeen

County

Moore

State

North Carolina

Latitude

35.1539

Longitude

-79.4173

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