This is a NNN leased Rite Aid (Dark) opportunity. The property is vacant however the tenant is subject to a long term lease which began in 1999 and runs
through 2026. The lease is flat in the initial term with a 15% bump in the first option, and 2.5% bumps in each subsequent option. There are four 5-year
renewal options beyond the initial term. The property is well-situated on a major retail corridor surrounded by national retailers.
• Shopping center GLA is 53,220 SF.
• Anchored by Lowes Food which is the closest full service grocery store to Ocean Isle Beach.
• Located at the prominent intersection of Beach Drive & Ocean Isle Beach Road.
Lynncroft Shopping Center is well located along Greenville's primary retail corridor and is anchored by a strong lineup of national retailers including
Michaels, Marshalls, Best Buy, Ross Dress for Less, Bed Bath & Beyond, Ulta and Omega Sports.
The Crossroads at Independence is a new Harris Teeter anchored neighborhood center that is planned for Q1 2022. The 94,466 square foot center is located
at the corner of Independence Blvd & Carolina Beach Rd, Crossroads is positioned in a high growth area of Wilmington and is less than two miles
from the new 1,400 acre RiverLights community which is under construction now.
