3.77 Acres Multifamily Site & .739 Acres Office Site
Mountain Retreat is a two-tenant center located in Banner Elk, NC. Carolina Capital (CC) purchased the property in November 2018.
CC’s investment objective was to acquire a stabilized retail property with high barriers to entry and limited competition in an affluent mountain community. The center was acquired at an attractive yield and CC believes additional value can be created through strategic asset management.
CC plans to hold the asset as part of their stabilized income portfolio.