1914 Dr. M.L.K. Jr Blvd. New Bern, NC 28560
Year Acquired: 2023
Purchase Price: $1,400,000
Area: 12,000SF
Acres: 1.08AC
Tenant Count: 7 Tenants
Notable Tenants:
-Ghents Restaurant
-Boost Mobile
Description:
This 12,000 SF, 7-tenant strip center is located in New Bern, NC—our firm's first acquisition along the coast. Situated just minutes from Highway 70 (with 33,500 vehicles per day) and Neuse Boulevard (12,500 vehicles per day), the property benefits from excellent visibility and accessibility. Acquired well below replacement cost, the center attracts significant foot traffic, largely driven by the long-standing tenant, Ghent's Restaurant.
