Absolute Auction, 0.79 AC

Land Description

0.75 AC Outparcel | Adjacent to Roses Anchored Center.

Investment Highlights

0.75 acre outparcel opportunity

Roses with a 5% rent-to-sales ratio providing a strong anchor with very healthy and sustainable sales

Mega value-add opportunity through ground lease or development

Bite sized deal that provides buyers with an opportunity to obtain an outparcel at a low price point

1 hour from Raleigh NC & Durham NC being extremely close to the Research Triangle Region

Offering Details

Brookwood Capital Advisors and RI Marketplace are pleased to present the 0.75 AC Outparcel | Adjacent to Roses Anchored Center (the "Property") located in Chase City, Virginia. The Property features a prime placement nearby the Research Triangle Region, a metropolitan area in the Piedmont region of North Carolina anchored by the cities of Raleigh, Durham, and the town of Chapel Hill, and three major research universities including North Carolina State University, Duke University, and University of North Carolina at Chapel Hill. The Property provides new ownership the ability to acquire a land opportunity with ground lease and development potential at a favorable cost basis.

Chase City is located one hour away from Raleigh, NC, and Durham, NC, which are part of the Research Triangle Region. Raleigh is the capital city of North Carolina. It is the second most populous city in North Carolina, tenth-most populous city in the Southeast, 41st most populous city in the U.S., and the largest city of the Research Triangle metro area. It's known for its universities, including North Carolina State University and Duke University (located in Durham). The number of technology and scholarly institutions around Raleigh, Chapel Hill and Durham make the area known as the Research Triangle. The Triangle encompasses the U.S. Census Bureau's Raleigh-Durham-Cary Combined Statistical Area (Csa), which has an estimated population of 2,037,430.

Auctioneer

Lamar P. Fisher

Fisher Auction Company Inc.