Property profile

716 Cherry St Kernersville, NC 27284

OFF-MARKET
Retail properties & Spaces
5,400 SF
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Property summary

AI-generated overview

This exceptional 2,700 square foot retail endcap space is available for lease in a vibrant Kernersville, NC location. Situated as an outparcel to a Lowe's Foods grocery store, this property benefits from significant foot traffic and high visibility. The building offers a total of 5,400 square feet, with 2,700 square feet currently vacant and ready for immediate occupancy. The space includes a patio area, ideal for outdoor seating or display. This prime location boasts excellent proximity to major retailers, including Target, Kohl's, Lowe's Home Improvement, Walmart Supercenter, Harris Teeter, Petco, Food Lion, and CVS. High traffic counts are a key feature, with S Main Street boasting an Annual Average Daily Traffic (AADT) of 23,500 vehicles and Old Winston Road registering 13,000 AADT. This presents a unique opportunity for businesses seeking high visibility and strong consumer traffic in a thriving retail environment. The property is multi-tenant, offering a dynamic and collaborative atmosphere. The available space is perfect for a variety of retail uses, providing ample room for a successful business venture. Don't miss this chance to establish your business in a highly desirable location with exceptional visibility and access to a large customer base.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,400 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

716 Cherry St Kernersville, NC 27284
Kernersville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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