Kinderton Place
Grocery Anchored Retail
Marketing description
Berkeley Capital Advisors is pleased to exclusively present Kinderton Place, a 100% leased, 56,112-SF grocery-anchored center in Bermuda Run (Winston-Salem MSA), NC. Anchored by Lowes Foods with a service-oriented small-shop lineup, the center is insulated from e-commerce disruption.
Positioned on NC Highway 801 (18.5K VPD) with access to I-40 (51.5K VPD), the center sits across from Wake Forest Baptist - Davie Medical Center, 15 minutes from Winston-Salem. The 3-mile trade area averages ~$128,500 in household income within a 700K-person MSA.
With Lowes Foods committed through 2033 plus four 5-year options extending control to 2053, and in-place small-shop rents averaging $20.69 PSF versus $25-$28 PSF market, the offering presents a stabilized asset with durable income and mark-to-market upside.
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