RealtyLink Development

Hobby Lobby/Marshalls Retail Center

1418 - 1422 E Dixie Drive
Asheboro, NC 27203

Property: Investment Sales

Square Footage: +/- 93,469

Acreage: +/- 8.90

Price: Market To Establish

Cap Rate: Market To Establish

Anchor Tenants: Hobby Lobby, Marshalls

Description:

  • Positioned in the heart of the Asheboro retail node – directly across from Randolph Mall which serves as the nucleus of the area’s retail market
  • Fully stabilized at 100% occupancy with an entirely national tenant profile, including Hobby Lobby, Marshalls, Workout Anytime and newly-signed, Rack Room Shoes
  • Tenant roster highlighted by 86.7% national anchors with a solid aggregate lease term of 6.25 years
  • Strategically positioned along a major regional traffic corridor accessing a combined traffic count in front of the Property exceeding 42,000 VPD
  • Recent leasing momentum includes a new five-year lease with Rack Room Shoes for 4,635 +/- SF
  • Synergistic layout includes cross-access with adjacent Big Lots-anchored center
  • Chevrolet dealership on pin corner outparcel provides significant additional consumer draw for the Property