Shoppes at Tanglewood | 103 Tanglewood Pky
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Shoppes at Tanglewood 103 Tanglewood Pky
34,300 SF 4-Star Retail Building Elizabeth City, NC 27909 $7,295,000 ($213/SF)
Investment Highlights
- National and local tenants include GameStop, Jersey Mikes Sub, The Athlete's Foot, Sally Beauty, Hair Cuttery and Dental Transformations.
- Staggered lease expirations.
- Located near new residential community with 425 residential lots and other commercial lots in development.
- Below-market rents with two short terms allowing immediate upside.
- Sentara's new hospital and medical office campus located approximately 0.5 miles away
- The property shares an entrance with a Walmart Supercenter.
Executive Summary
The Shoppes at Tanglewood shares an entrance with a Walmart Supercenter, among the busiest in North Carolina, with approximately 3.1 million visitors per year. The property is situated on 4.77 acres of land and is adjacent to Highway 17 Bypass, a major highway that leads directly into Downtown Norfolk.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
34,300 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2006
Price
$7,295,000
Price Per SF
$213
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Land Acres
4.77 AC
Zoning
C-1 - Commercial
Parking
148 Spaces (4.31 Spaces per 1,000 SF Leased)
Frontage
461 FT on Tanglewood Pky
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
-
Chris Devine -
Jessica Ingraham -
John Wessling -
Anthony Grecco -
S.L. Nusbaum Realty Co.
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Shoppes at Tanglewood | 103 Tanglewood Pky
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