IGA Grocery Shopping Center

IGA Grocery Shopping Center Portfolio | Fairmont & Tabor City, NC

Sands Investment Group is Pleased to Present Exclusively For Sale the IGA Grocery Anchored Shopping Center Portfolio Consisting of Two (2) Shopping Centers, One (1) in Tabor City, NC and the Other in Fairmont, NC. These Properties Are Unique Opportunities to Acquire Stabilized Grocery Anchored Centers at a High Yield in Growing Myrtle Beach Sub-Markets. Both Grocers Have Been in Their Respective Spaces For Over 20-Years Providing Stability, While There is Upside For a New Owner in Converting All Leases to Triple Net (NNN) to Significantly Increase Cash Flow.

  • Stabilized Investment – 100% Occupied Shopping Centers in Growing Markets of North Carolina; Tenancy Includes a Diverse Mix of National and Local Credit Tenants
  • Grocery Anchored Investment – IGA is a National Grocery Chain With 763 Locations Nationwide; North Carolina is the Top State They Operate in With an Impressive 68 Locations Throughout the State; This Investment Provides the Opportunity to Acquire Two (2) IGA Anchored Assets That Have Operated Out of Each of Their Locations For Over 20-Years, Showing Commitment to the Site
  • Upside Potential – Many of the Tenants Are Currently on Gross Leases, Allowing a New Owner to Come in and Convert Existing Leases to Triple Net (NNN), Significantly Increasing Cash Flow
  • Myrtle Beach – Situated Along the Route to Myrtle Beach, These\ Properties Benefit From Significant Through Traffic; Myrtle Beach Has an Impressive 19 Million Visitors Per Year
  • Property Locations – The Properties Sit Along Well Trafficked Roads With Great Visibility From the Road; Additionally, the Properties Are Conveniently Located Near Other Notable Retail Tenants in Their Respective Areas
  • Diverse Tenancy – The Shopping Centers Benefit From Having a Granular Rent Roll With a Diverse Mix of Tenants Ranging From Grocery to Quick-Service Restaurant Use With Replaceable Rents

In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 BoR: Amar Goli – Lic. NC #310575

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