Property profile

535 Nelson St Kernersville, NC 27284

OFF-MARKET
Retail properties & Spaces
43,858 SF Built 1987
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1987
Total area 43,858 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Bank Credit Union

Location

535 Nelson 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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