Walmart Shadow Center

Walmart Shadow Center

110 River Oaks Drive
Tarboro, NC

Price: $4,870,000
Cap: 7.00%
NOI: $340,860
Building Size: 32,802 SF
Lot Size: 3.44 AC

Investment Highlights

• The property is a 32,802 SF Walmart Supercenter shadow anchored retail center located in Tarboro, NC
• The property offers immediate upside at 80% occupancy
• The center includes a complimentary mix of restaurants, service tenants, and national brands such as Rent-A-Center, Salvation Army, Shoe Dept., & Jersey Mikes
• The center is shadow anchored by a high-performing Walmart since 2002 | Walmart owns the Walmart
• Leasing Momentum | 2 New Lease & 6 Renewals since 2020
• Stable Tenancy | Avg Tenant Tenure: 9.86 Years

• The shopping center is 80% leased, presenting immediate upside opportunity for an investor
• Average Rent: $13.16 PSF

• This shopping center sees 2.6M annual visits
• It is the #1 most visited shopping center in a 15-Mile Radius and is in the top 10% of visits in North Carolina
• This site pulls from a 30+ mile trade area

• Shopping center is located at the intercept position of two major interstates
• Property is located just off the exit ramp of Interstate 64, leading directly to Raleigh
• Property is located on Westerb Blvd, which connects the site to the city of Tarboro

• Tarboro is a town located in Edgecombe County, North Carolina & is part of the Rocky Mount Metropolitan Statistical Area
• The ninth-oldest incorporated town of North Carolina, Tarboro is located 70 miles east of Raleigh near the western edge of North Carolina’s coastal plains and is known as the home of many historical sites dating back to the early 19th century
• Recognized by the National Park Service in 1977, the 45-block Tarboro Historic District has more than 300 contributing structures, from residences to historic churches to original 19th-century storefronts along Tarboro's Main Street

Zach Taylor
Eric Abbott

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