PROPERTY SPECIFICATIONS:
Location: Boone, NC
Type: Enclosed mall
Total Square Feet: 223,507± square feet
Year Built: 1981, renovated 2006-2008
Site Size: 21.504± acres
Occupancy: 98%
Price: $22,500,000
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| INVESTMENT HIGHLIGHTS: |
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Quality Rent Roll - JC Penny, traded on the NYSE, Belk, the country's largest privately-owned department stores and TJ Maxx, the country's largest off-price retailers of apparel and home fashions.
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Recently Renovated with significant improvements.
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Fortress Location on the dominant commercial corridor in Boone, NC (Highway 321/221) at a signalized intersection. Minutes from from Appalachian State University, the Blue Ridge Parkway and Sugar & Beech Mountain Ski Resorts. |
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Heavy Credit Tenant Presence - 83% of the GLA occupied by national chain store tenants.
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Solid Demographics with more than 259,226± people within a 30-mile radius and an average household income exceeding $44,500± within a 5-mile radius.
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