Ashcroft Commons – Furman Capital Advisors

Ashcroft Commons

Ashcroft Commons -

Marketing Description

Furman Capital Advisors is pleased to offer the opportunity to purchase a fee simple interest in Ashcroft Commons in Reidsville, NC.​

Investment Highlights

Below Market Rental Rates: Market retail lease rates are trending above the property’s average of $8.94/SF. The most recent lease at the property was executed at $12.00/SF.

Attractive Upside Potential: Four tenants, accounting for 7,782 SF, have expirations scheduled through late 2022 which would allow a buyer to negotiate new lease rates to current market aggregate of $12.00/SF providing an opportunity to significantly increase gross income.

Ideal Retail Location: Located along the perimeter of Reidsville’s highest density residential neighborhood and in close proximity to Reidsville Senior High School. Surrounding tenants in the area include Lowe’s Foods, Food Lion and Tractor Supply. The property’s location at the intersection of NC-87 and US-158 allows for convenient access to downtown Reidsville as well as additional markets such as the Triad, Eden, and Danville.

Excellent Visibility & High Volume Traffic: Approximately 525 ft. of road frontage along one of Reidsville’s most heavily trafficked thoroughfares exposing the property to ±14,500 VPD.

 

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Confidentiality Agreement Form


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Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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