2050 Willow Spring Ln Burlington, NC 27215
- Manufacturing properties
- 71,949 SF
- 5.00 lot acres
Current Use by Public Records
- McMichael Mills / Warehouse
- Biscuitville Fresh Southern / Distribution Service
Property Details for 2050 Willow Spring Ln
- Year built
- 1990
- Lot size
- 5.00 lot acres
- Property size
- 71,949 SF
- Property type
- Manufacturing properties
- Property subtype
- Distribution centers
- APN
- 24323898
Description
This exceptional investment opportunity presents two industrial condos (units 102 & 103) totaling 71,949 square feet, situated on a 5-acre lot in Burlington, North Carolina. The property, built in 1990, features a single-story building with a permitted LI zoning classification. Currently operating under a Net Lease (NNN) agreement with a credit-rated tenant, the property boasts a strong Net Operating Income (NOI) of $341,000, resulting in a compelling 4.87% cap rate. The asking price is $7,000,000, translating to a price per square foot of $97.29. The property includes 23 parking spaces and 8 loading docks, with potential for expansion. Clear heights range from 20'6" to 26'6". The roof is a standing seam design. The site offers significant potential for future development, with a partially paved lot and ample space for an additional 10,000-15,000 square foot building. Conveniently located near I-40/85 and the Burlington Airport, this property benefits from excellent access to major transportation routes and a central location relative to Greensboro, High Point, Charlotte, Mebane, Chapel Hill, and Raleigh-Durham. The tenant will be vacating the property. The APN is 24323898. Further interior views are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Alamance
- State
- North Carolina
- Longitude
- -79.483934
- Latitude
- 36.051278
