Lexington Retail Opportunity For
19 Cotton Grove Rd, Lexington, NC 27292
For Sale
Contact for pricing
Former convenience store with high visibility and strong traffic counts.
Property Size2,633 SF
Price / SF$301.94
Days on Market239
Property Features for 19 Cotton Grove Rd
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Oakdale Commercial Properties
Listed By:
Brian Huckabee · License NC #331060
(336) 705-1679
Source:
Crexi
Added: Mar 17
Changed: Oct 26
Last Checked: Nov 8 at 8:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Oakdale Commercial Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property presents a retail opportunity in Lexington. The site formerly operated as a convenience store and includes an existing concrete parking lot. Underground storage tanks have been removed, and No Further Action (NFA) letters are available. The location benefits from high visibility and strong daily traffic counts. It also offers convenient access to major Lexington corridors. The property size is 2,633 square feet.
Key Highlights
- Great location near downtown
- Recently renovated kitchen
- Spacious backyard perfect for entertaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,460
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,200
$829.2K
Cap Rate 7%
$592,286
$592.3K
Cap Rate 9%
$460,667
$460.7K
Market Conditions
NOI Build-Up for 2,633 SF
Gross rent
$56.9K $21.60/SF
− Vacancy
−$1.6K −$0.60/SF
EGI
$55.3K $21.00/SF
− OpEx
−$13.8K −$5.25/SF
NOI
$41.5K $15.75/SF
Area
Davidson County, NC
Vacancy
2.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,200
Cap Rate 7%
$592,286
Cap Rate 9%
$460,667
Alternative Uses
Best Use
Specialty Retail
$592.3K
$518.3K – $691.0K
NOI $41,460 @ 7.0% cap · market cap 5.22%
Second Best
Retail
$460.7K
$403.1K – $537.5K
NOI $32,247 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$668.0K
$584.5K – $779.4K
NOI $46,762 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Home Improvements & Furnishings 14%
Dining 14%
Electronics 8%
KFC
Dining
6,438 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
6,391 visits/mo
0.5 miles
Speedway
Shops & Services
5,664 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,144 visits/mo
0.2 miles
Dollar General
Shops & Services
4,652 visits/mo
0.3 miles
Demographics for 27292, NC
39,337
Population
18,749
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
144.0 sq mi
ZIP Area
273
Density / Sq Mi
$54,468
Median Household Income
$34,776
Median Earnings
$831
Median Rent
$193,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Food Lion — 1104 S Main St, Lexington, NC 27292
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Former convenience store with high visibility and strong traffic counts.
Where is this grocery and convenience store located?
The property is located at 19 Cotton Grove Rd Lexington, NC.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Great location near downtown; Recently renovated kitchen; Spacious backyard perfect for entertaining
