Scotland Mall

Scotland Mall

894-900 U.S. Highway 401
Laurinburg, NC

Price: $3,475,000
Cap: 7.50%
NOI: $258,345
Building Size: 54,852 SF
Lot Size: 6.40 AC

Investment Highlights

SCOTLAND MALL
• The subject property is a 54,852 SF Retail Shopping Center in Laurinburg, SC
• Leasing Momentum | Executed 10-Year Planet Fitness Lease & 5-Year Roses extension in 2020
• Lowes Home Improvement Shadow Center with Starbucks and Chick Fil Outparcels (NAP)
• Complimentary mix of ser vice-based and internet resistant shops
• Below market rents
• New Parking Lot Overlay in 2020

HIGH CREDIT TENANTS | LOW RENTS
• Planet Fitness executed a 10-Year lease in 2020
• Planet Fitness is guaranteed by Excel Fitness Holdings, one of the largest Planet Fitness f ranchise groups based in the Austin area with over 80 locations across Texas, Oklahoma, Arkansas, Missouri, North Carolina, and Virginia
• Replaceable Rental Rate | Planet Fitness pays $7.50 in rent
• Roses executed a 5-Year lease extension in 2020, confirming their long-term strategy at this center
• Roses is Guaranteed by Variety Wholesalers, a privately held company that owns 380 retail stores including Roses and Maxway

STRATEGIC LOCATION | MAIN RETAIL CORRIDOR
• Property sits at the intersection of West BLVD & McColl Rd (22,500 VPD)
• Center is located in the heart of a Major Retail C orridor
• Lowes Home Improvement Shadow Center with Starbucks and Chick Fil Outparcels (NAP)
• Surrounding Tenants include Walmart, Lowes, Belk, Big Lots, Tractor Supply, Chick-fil-a, Pet Sense, & more

LAURINBURG, NC
• Laurinburg is the county seat of Scotland County, North Carolina
• The lifestyle in Laurinburg is relaxed and laid back, but never boring – not with year-round outdoor recreation, a vibrant arts scene, progressive community services and close proximity to beaches, the mountains, big city attractions, and college and professional sports
• Laurinburg is still an a gricultural community, and it is also th e progressive business and cultural center of Scotland County.
• Laurinburg is home to St. Andrews University & the Laurinburg Institute

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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