117 W Plaza Drive – Mooresville Commons was purchased in 2018 for $4,700,000. It’s a 6+ acre retail center with national tenants including Gerber Collision, Urgent Care, Little Caesars, Enterprise Rentals & All State Insurance. It was purchased distressed from a bank with significant upside potential once the 40% vacancy is leased. NEG expects to double the value once capital expenditures and leasing are complete.
