New Market Madison Madison, NC

Southeastern is a full-service commercial real estate firm. The Investment Team specializes in well positioned anchored or unanchored retail properties throughout the country. Their proven track record on both the acquisition and disposition sides are a direct result of their understanding of the market place, appropriate asset valuation based off current market conditions and the alignment of asset to the most suitable and qualified Buyer/ Seller.

CONTACTS

SOUTHEASTERN 2743 Perimeter Parkway

Bldg. 100, Suite 370 Augusta, GA 30909

www.southeastern.company

David Rivers Vice President 706.840.0055

david.rivers@southeastern.company

Ryan McArdle Vice President 706.631.8897

ryan.mcardle@southeastern.company

Steve Collins Vice President 706.564.8556

steve.collins@southeastern.company

PROPERTY DETAILS

EXECUTIVE SUMMARY

DEMOGRAPHICS

INVESTMENT HIGHLIGHTS New Market Madison is the premier shopping destination for Madison, NC. Anchored by a solid performing Big Kmart and with a new junior box lease with Tractor Supply, this center offers investors a stabilized center at well below replacement cost. The center is co-tenanted by Peebles, Tractor Supply, Aaron’s, Hibbett Sports and many more. The national tenants comprise nearly 90% of the income for this asset. The existing parking lot is large enough to accommodate future development of outparcels and more. This center is in extremely good shape and shows very well. The strength of the center has been shown through new leases, renewals, and stable operating histories of current tenants. Three vacancies in the center allow a buyer to realize immediate upside and generate around $90,000 in additional NOI growth. - Stabilized neighborhood retail center - Priced well below replacement - Strong leasing environment - Ability to grow NOI through outparcel development, renewals, and lease up - Minimal needs for capex LOCATION New Market Madison is centrally located within the Madison market and is a part of the Piedmont Triad. Located just 20 miles northwest of Greensboro, NC and 25 miles northeast of Winston Salem, NC. This region continues to be one of the fastest growing areas in North Carolina and one of the hottest retail corridors within the southeast. The Piedmont Triad (or simply the Triad) is a north-central region of the U.S. state of North Carolina that consists of the area within and surrounding the three major cities of Greensboro, Winston-Salem, and High Point.

Address 101 New Market

Year Built 1992

Acreage 30

Square footage 172,353

Occupancy 95%

Anchor Big Kmart

Co-Tenants Tractor Supply, Aaron’s, Peebles, Hibbett, Subway

NOI $742,389

Cap Rate 9.25%

Asking Price $8,025,000

Price Per Square Foot

$46.56

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Southeastern is a full-service commercial real estate firm. The Investment Team specializes in well positioned anchored or unanchored retail properties throughout the country. Their proven track record on both the acquisition and disposition sides are a direct result of their understanding of the market place, appropriate asset valuation based off current market conditions and the alignment of asset to the most suitable and qualified Buyer/ Seller.

CONTACTS

SOUTHEASTERN 2743 Perimeter Parkway

Bldg. 100, Suite 370 Augusta, GA 30909

www.southeastern.company

David Rivers Vice President 706.840.0055

david.rivers@southeastern.company

Ryan McArdle Vice President 706.631.8897

ryan.mcardle@southeastern.company

Steve Collins Vice President 706.564.8556

steve.collins@southeastern.company