2090 Church St Burlington, NC 27215-5326

Property Details for 2090 Church St

Year built

1986

Lot size

1.40 lot acres

Property size

2,201 SF

Zone code

B 2

Property type

Car washes

APN

120952

APU

120952

Description

This exceptional investment opportunity encompasses two parcels totaling approximately two acres of land situated at a signalized intersection in Burlington, North Carolina, at 2090 & 2110 S Church St and 2120 May Dr. The property features a diverse tenant mix including an Autobell Carwash, Snappy Lube, and Omega Funeral Services and Crematory. These tenants provide strong, long-term income streams, with leases structured as Net, Net, Net (NNN) agreements. The Autobell Carwash operates under a new five-year lease with options to extend, while Snappy Lube has a new three-year lease with similar extension options. Omega Funeral Services and Crematory also benefits from a new five-year lease with options to extend. The combined annual Net Operating Income (NOI) is $120,000, representing a 7.50% capitalization rate on the asking price of $1,600,000. The landlord is responsible for roof and structure maintenance. This property presents a compelling investment opportunity due to its strong tenant occupancy, favorable lease terms, and strategic location in a high-traffic area. The property's size is listed as 1 square foot, however, this is likely an error in the data provided. The actual size is reflected in the two-acre lot size.

Location Insight

City

Burlington

County

Alamance

State

North Carolina

Longitude

-79.468

Latitude

36.0818

CBSA code

15500

CBSA name

BURLINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments