Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2018
Building Area Net
Occupancy 81.0 %

Property description

Jones Lang LaSalle, Inc., a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for New Bern Marketplace (“the Property” or “the Center”), a 59,516 SF strip center featuring HomeGoods, Rack Room Shoes, and Bath & Body Works. The asset is shadow-anchored by Harris Teeter and sits adjacent to premier retailers such as Ross Dress for Less, Hobby Lobby, and Academy Sports. The 81% occupied Property offers a rare, value-add opportunity located in New Bern, NC, along the highly trafficked Dr. Martin Luther King Jr. Blvd (37,500 VPD).


New Bern Marketplace is positioned along the area’s main retail corridor and has an exceptionally wide trade area, bringing in regular customers from over 20 miles away. There are over 2.8M total annual visits at New Bern Marketplace - including 1.25M annual visits to Harris Teeter. The Center’s national, name-brand tenants make it the 4th most visited shopping center within a 30 mile radius.

Investment highlights

  • 39% NOI GROWTH POTENTIAL
  • DESTINATION BASED RETAIL CORRIDOR
  • 7 YEARS WALT REMAINING
  • SHADOW-ANCHORED BY $48MM+ SALES HARRIS TEETER
  • COMPLEMENTARY POWER CENTER WITH NATIONAL RETAILERS HOBBY LOBBY, ACADEMY SPORTS, ROSS DRESS FOR LESS & MORE
  • COASTAL LOCATION PROVIDES HIGH BARRIERS TO ENTRY
  • PROPERTY OFFERED UNENCUMBERED OF EXISTING DEBT


Last Updated Date: 11 Aug 2022

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Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry, providing information such as our services and events.

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Last Updated Date: 11 Aug 2022

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

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