Laurinburg, North Carolina

Property type:

Retail

Profitable area:

43,320 SQ FT

Year of acquisition:

2022

Strip center with excellent occupancy history; the tenants who occupy 75% of the strip center have been there for more than 25 years; showing an excellent performance at this location in recent years (rent/sales ratio below market range) and rents below market. Value-add strategy by increasing rents to market levels and leasing an empty space (15% of the GLA)