Chowan Village - Murfreesboro, NC
Under $1M - Shopping Center | Upside Through Lease-Up | Near a University
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 25,794 SF Chowan Village located at 831-841 W Main Street in Murfreesboro, NC. This deal is offered at ~$28 PSF, significantly below replacement cost for comparable strip centers, presenting a compelling entry point for value-focused investors, offering strong potential returns.
Investment highlights
Below Replacement Cost: Offered at ~$28 PSF, significantly below replacement cost for comparable strip centers, presenting a compelling entry point for value-focused investors.
Strategic Location Near University: Immediate access to Chowan University’s student and staff population enhances tenant appeal and long-term leasing potential.
Upside Through Lease-Up: With 40% of the center currently vacant, there is substantial room to drive NOI growth and unlock an attractive yield on cost through targeted leasing.
Low Price Point Strip Center: Rare opportunity to acquire a multi-tenant retail asset in North Carolina for under $1 million, offering an accessible entry point with strong value-add potential.
Proximity to National Retailers: Situated near prominent national retailers such as Food Lion, Advance Auto Parts, Dollar General, Family Dollar, and Ace Hardware; this shopping center benefits from established traffic drivers that enhance tenant visibility and support leasing momentum.
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