Village Marketplace

Investment Overview

As exclusive advisor, Newmark is pleased to present the opportunity to acquire Village Marketplace – a 93,469 square foot community center in Asheboro, North Carolina (Greensboro/Winston-Salem MSA). Anchored by Hobby Lobby, Marshalls and Rack Room, the subject property is positioned across the street from the Asheboro Mall featuring robust co-tenancy with Belk, Dunham’s, ULTA, Ross, Five Below, Books-a-Million, and many others. Moreover, the asset includes a 0.77 acre outparcel ripe for development. Renovated in 2013, Village Marketplace is a dominant retail destination in the heart of Asheboro. The asset is located in close proximity to both a Walmart Supercenter and Interstate-74. Other prominent retailers in the immediate vicinity consist of Lowe’s Home Improvement, Food Lion, Aldi, Tractor Supply, Planet Fitness, Big Lots, Chick-Fil-A, Starbucks, ALDI, Zaxby’s, Tractor Supply, Dollar Tree and many others. Combined with the market’s population and employment growth, this offering provides IRR-conscious investors with the rare opportunity to acquire a dominant regional shopping center.

Investment Highlights

• IDEAL NATIONAL ANCHORS / BELOW-MARKET RENTS
• OUTPARCEL OPPORTUNITY
• IDEAL PROPERTY FUNDAMENTALS / WELL-MAINTAINED PHYSICAL PLANT
• EXPANSIVE TRADE AREA DRAWS FROM OVER 20 MILES
• IMPRESSIVE PLACERAI STATISTICS