831 W Main St
Murfreesboro, NC 27855

RealINSIGHT Marketplace and Marcus & Millichap are pleased to offer the opportunity to acquire the fee-simple interest in Chowan Village, a 25,794 square foot retail center on 2.71 acres located at 831 West Main Street, in Murfreesboro, North Carolina. The Property is currently leased to several strong, nationally recognized tenants - Family Dollar, Subway, and H&R Block, as well as several local tenants. At 84% occupied, Chowan offers an investor room to create additional value by leasing the vacant space. Adjacent to the Property is a vacant Just Save, and one block away is the local Food Lion. The Subject represents the only multi-tenant retail center in the market, and as such, it is uniquely positioned to capture local business. In fact, the entire region is under-retailed, ensuring that the tenants here do well. The average retail square feet per capita for the United States is roughly 44. In contrast, the 5-mile retail square feet per capita is 12.5, and the 15-mile retail square feet per capita is 10.5. The rural nature of the center, combined with the types of tenants in the Property and the limited retail options, makes Chowan Village Amazon resistant. Murfreesboro is a bucolic, historic small town with a relaxed pace of living and a peaceful atmosphere. It is home to Chowan University, a small, 170 year old Baptist University with roughly 1500 students, and a 450 acre campus. This ensures that Murfreesboro always has a surprisingly youthful energy despite its small size. Murfreesboro, North Carolina is just 60 miles from Roanoke and Norfolk, Virginia and 90 miles from Raleigh, North Carolina.