Smithfield West

940 W Market St, Smithfield, NC 27577

Property Information

  • For Lease $29.00 - $33.00/SF/YR
  • Property Type Retail - Strip
  • Property Size 21,600 SF
  • Units 15
  • Lot Size 0.56 Acre
  • Parking Spaces Avail. 108
  • Parking Ratio 5.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 2026
  • Date Updated May 12, 2026

Description

Spans corner around and adjacent to McDonald'sThis new strip center is currently under construction in front of the former Kmart and Heilig-Meyers sites, strategically positioned in the heart of West Smithfield. The development wraps around an existing McDonald’s located at the signalized intersection of W Market Street (US 70 Business) and Wilson’s Mills Road, offering convenient access from both major corridors. Residential growth and market demand in Smithfield, like much of Johnston County, is experiencing rapid expansion. The influx of new housing developments is driving demand for retail services, especially in the underserved West Smithfield area. This new center will introduce much-needed retail inventory to a growing market, offering businesses a chance to serve a rising population and capitalize on the area's momentum.

Highlights

  • Adjacent to a 70-unit townhome project currently under construction, which will feature direct access to the development
  • Just 1.5 miles from the Amazon distribution facility, providing proximity to a major employment hub
  • Left endcap will have single lane drive-thru & right endcap will have outdoor seating area
  • Minimum Term - 5 Years
  • Only 1.5 miles west on US 70 Hwy Bus to Lennar’s new Finley Landing subdivision
  • Space Delivery - Cold Dark Shell
  • Tenant Improvement Allowance - Negotiable
  • Three miles north on Wilson’s Mills Road lies the proposed Bellamy subdivision, which is progressing through planning review and will add over 1,100 residential units

15 Spaces Available

100

Space Type

Strip

Lease Rate

$33.00/SF/YR

Total Space

2,875 SF

Divisible Space

2,875 - 2,875 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Cold Dark Shell Delivery End Cap - Casual Dining - Outdoor Seating Area

101

Space Type

Strip

Lease Rate

$29.00/SF/YR

Total Space

1,320 SF

Divisible Space

1,320 - 1,320 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Cold Dark Shell Delivery

102

Space Type

Strip

Lease Rate

$29.00/SF/YR

Total Space

1,320 SF

Divisible Space

1,320 - 1,320 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Cold Dark Shell Delivery

103

Space Type

Strip

Lease Rate

$29.00/SF/YR

Total Space

1,320 SF

Divisible Space

1,320 - 1,320 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Cold Dark Shell Delivery

104

Space Type

Strip

Lease Rate

$29.00/SF/YR

Total Space

1,320 SF

Divisible Space

1,320 - 1,320 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Cold Dark Shell Delivery

Contacts

Jim Perricone

Partners Commercial Realty

Location

Contact Listing Broker
Jim Perricone

Partners Commercial Realty

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