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Shoppes at Tanglewood 103 Tanglewood Pky

34,300 SF 4-Star Retail Building Elizabeth City, NC 27909 £5,707,973 (£166/SF)

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Investment Highlights

National and local tenants include GameStop, Jersey Mikes Sub, The Athlete's Foot, Sally Beauty, Hair Cuttery and Dental Transformations.
Staggered lease expirations.
Located near new residential community with 425 residential lots and other commercial lots in development.

Below-market rents with two short terms allowing immediate upside.
Sentara's new hospital and medical office campus located approximately 0.5 miles away
The property shares an entrance with a Walmart Supercenter.

Executive Summary

The Shoppes at Tanglewood shares an entrance with a Walmart Supercenter, among the busiest in North Carolina, with approximately 3.1 million visitors per year. The property is situated on 4.77 acres of land and is adjacent to Highway 17 Bypass, a major highway that leads directly into Downtown Norfolk.

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