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    OFF-MARKET
    Retail properties & Spaces

    535 Nelson St, Kernersville, NC 27284

    43,858 SF Built 1987
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Western Union Bank Credit Union
    • Coinstar Bank Credit Union
    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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