Madison Shopping Center
Retail | 172,353 SqFt
Marketing description
The Kabani Hotel Group is pleased to present New Market Madison, a ±172,353 square foot retail shopping center located in Madison, North Carolina.
The property is currently operational and leased to a strong mix of national and regional tenants, which collectively drive a significant portion of the center’s income. The asset has demonstrated long-term stability and continues to serve as a primary retail destination within the local market.
Originally anchored by Kmart, the ownership successfully repositioned the former anchor space into multiple retail units now occupied by national tenants, showcasing the strength of the submarket and the property’s ability to attract and retain tenants.
The center offers investors a compelling opportunity to acquire an in-place cash flowing asset with additional upside through the lease-up of remaining vacant spaces. The large site also provides potential for future outparcel development.
Strategically located within the Piedmont Triad region, the property benefits from proximity to Greensboro and Winston-Salem, two of the fastest growing markets in North Carolina.
Investment highlights
- ±172,353 SF Retail Shopping Center
- Strong Mix of National & Regional Tenants
- Stabilized Asset with In-Place Cash Flow
- Value-Add Upside Through Lease-Up of Vacancies
- Proven Repositioning of Former Anchor Space
- Serves as Primary Retail Destination in Madison, NC
- Located in High-Growth Piedmont Triad Region
- Large Site with Potential Outparcel Development
- Below Replacement Cost Opportunity
- Asking Price: $6,500,000
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