535 Nelson St, Kernersville, NC 27284
This exceptional 43,858 square foot free-standing retail building presents a remarkable opportunity in Forsyth County. Previously occupied by a Lowe's Foods grocery store, this property boasts a flexible floor plan suitable for a variety of commercial uses. The building sits on a generous 5.85-acre lot and is conveniently located within Piney Grove Plaza, alongside established tenants such as Subway, Jackson Hewitt, and Amalfi's Pizza. Its prime retail corridor location offers exceptional visibility and accessibility, with nearby businesses including Dollar Tree, Walgreens, AutoZone, Sonic, and Grease Monkey, ensuring high foot traffic and strong brand recognition potential. The property is zoned HB and offers a lease rate of $8.00 per square foot, NNN. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. Built in 1987, the structure offers ample space for a large-scale retail operation or the potential for subdivision into smaller units. The APN is 6886-47-3168. This is an unparalleled opportunity to establish a thriving business in a high-demand location. The expansive lot size also allows for ample parking and potential for future expansion. Don't miss this chance to secure a prominent retail presence in a thriving commercial area.
-
Western Union Bank Credit Union
-
Coinstar Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.