Properties

TJ Maxx - Staples - Michael's - Petsmart, Statesville, NC

Turnersburg Highway
Statesville, NC 28625

PROPERTY SOLD

Property: Investment Sales

Price: $10,300,000

Cap Rate: Call

Description:

• Located on a primary corridor near the intersection of two major interstates (40/77)
• Tenants include Staples, TJ Maxx, Michaels and PetSmart all on 10 year net leases
• Two retail buildings totaling 67,500 square feet on 6.6 acres developed in 2012
• All cash transaction closed escrow in March 2013 for approx. $10.3 million
• The buyer was a large private REIT based on the west coast