117 W Plaza Drive – Mooresville Commons was acquired in 2018 for $4,700,000. This 6+ acre retail center features national tenants such as Gerber Collision, Urgent Care, Little Caesars, Enterprise Rent-A-Car, and Allstate Insurance. The property was purchased as a distressed asset from a bank, presenting significant value-add potential with 40% vacancy at acquisition.
We were able to double the property’s value through strategic capital improvements and aggressive leasing efforts. The property sold for $9,000,000 in 2024.
