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    OFF-MARKET
    Community centers

    1129 Weaver Dairy Road Ext, Chapel Hill, NC 27514

    112,925 SF Built 1981
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail investment opportunity presents 112,925 square feet of prime retail space at Timberlyne Shopping Center, located at 1129 Weaver Dairy Road, Chapel Hill, NC 27514. Built in 1981 and renovated in 2015, this community center boasts a strong tenant mix, anchored by a Food Lion Supermarket, and includes Town & Country Hardware and the U.S. Post Office. Five spaces are currently available, ranging from 1,000 to 9,617 square feet, offering flexibility for various retail businesses. The property features ample parking with 610 spaces, ensuring convenient access for customers. Its strategic location just east of Martin Luther King Blvd (Hwy 86), less than a mile from I-40, provides excellent visibility and accessibility. Weaver Dairy Road sees an average daily traffic count of 13,000 vehicles, further enhanced by the 24,000 vehicles daily on Martin Luther King Blvd/Hwy 86. Multiple entrances ensure easy ingress and egress, maximizing convenience for both shoppers and businesses. This well-established center serves a thriving residential community in Orange County, North Carolina.

    Property profile
    Verified
    Property type Community centers
    Year built 1981
    Total area 112,925 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • CrossFit Chapel Hill Gym & Fitness Center
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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