Wallace Crossings
At-A-Glance
Sale Date: June 2025
Sale Price: $4,100,000
Represented: Buyer (Repeat 1031 Client)
Location: Wallace, NC
Building Size: 51,085 SF
Opportunity
Highlights
• Recently Renovated Shopping Center (2022-2023)
• Anchored by Ollie’s Bargain Outlet (NASDAQ: OLLI)
• Over $2.2 Million Invested in Renovations Including Roof, Electrical, and HVAC
• Immediate Upside with 1-Vacancy
• Average Suite Size: 2,277 Square Feet (Excluding Ollie’s)
• Weighted Average Lease (WALT): 5+ Years Remaining
• Gross Leases Offer Potential Upside If/When Converting To NNN
• Excellent Visbility | Multiple Points of Access
• Monument Signage on N Northwood Street: More Than 10,000 Vehicles Per Day
• Regional Draw: Ollie’s Foot Traffic Exceeds 20-Mile Radius
• ATM Ranked 67 Out Of Over 1,086 Statewide In Number Of Transactions
• Market Poised For Explosive Growth, With Current Residential Building Permits Exceeding 50% Of The Current Population
