Northwest Marketplace Shopping Center
Retail | 8.07% CAP | 43,504 SqFt
Marketing description
IGA Grocery Store (30,124 sq. ft.) bought out a Lowe’s Food/Just Save that had been in continuous operation since 1989 and signed a new 10-year lease in November, 2022.
Spectrum (4,180 sq. ft.), successor to Charter Communications, has been in continuous operation since 2013.
Walgreen’s (1,200 sq. ft.) opened in 2019. They recently looked at going freestanding on an outparcel but chose to stay put.
Dollar Tree (8,000 sq. ft.) opened in a renovated and expanded former Dollar General in 2017.
Value Add component in that the existing center only utilizes approximately 4.235 acres of the 10.1 acre (Wilkes County, NC tax parcel #1404335) There is room to expand to the east on approximately 4.126 acres.
There are also 2 outparcels priced separately- 1.64 acre (Wilkes County parcel #1406194) in front of the center priced at $199,000, and .64 acre (Wilkes County parcel #1406158) priced at $75,000.
Investment highlights
Clean, well maintained stable center with 3 national credit tenants and 1 very strong regional tenant. Parking lot renovated in 2025. Exterior Repainted in 2025.
Value add possibilities with less than half the 10.1 acre parcel being currently utilized for the existing center.
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