Prudent Growth Purchases Shops at Roxboro Square in North Carolina

Prudent Growth Partners, LLC, a private equity real estate firm in Chapel Hill and Charlotte, NC, has completed its $4 million purchase of the Shops of Roxboro Square, a 29,900-square-foot shopping center in Roxboro, NC.

Built in 1988, the property’s contemporary design and prime location within a thriving retail corridor make it an exceptional addition to the Prudent Growth portfolio.​ It features 11 tenants offering staggered lease expirations and includes a healthy mix of lifestyle businesses and service providers. The center has been well maintained, and no significant deferred maintenance needs exist.

Shops of Roxboro Square is strategically positioned on US Highway 501, with a traffic count of 22,500 vehicles per day. The property benefits from immediate access to US-158, the east-west highway connecting Winston-Salem, Summerfield, and Reidsville, and is a 45-minute drive from Durham, home to Research Triangle Park, which houses 200+ companies and 55,000 employees. The immediate area is home to significant retail draws, including Food Lion, Walmart, Lowe’s, Dollar Tree, Walgreens, Sally Beauty, Jersey Mike’s, Advanced Auto Parts, Tractor Supply Co., and Verizon. ​

“We’re thrilled to add Shops of Roxboro Square to our portfolio. It is a well-located retail center with strong local tenants and a vibrant community presence in Roxboro. This acquisition reflects another solid purchase in North Carolina for our investors and represents our ongoing commitment to investing in quality assets,” said Tom Hahn, President of Prudent Growth Partners, LLC.

Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and provide exceptional returns on invested capital, along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.