Property profile

5850 Highway 74 Indian Trail, NC 28079

OFF-MARKET
Retail properties & Spaces
102,360 SF 0.48 ac lot
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Property summary

AI-generated overview

Union Town Center, a thriving neighborhood shopping center in Indian Trail, North Carolina, presents a compelling retail investment opportunity. Located at 5850 W Hwy 74, this center boasts a substantial 102,360 square feet of retail space, anchored by a prominent Food Lion and a Dollar Tree. The property sits on a sizable lot ranging from 0.48 to 0.75 acres, zoned RBD (Regional Business District), allowing for diverse commercial uses. Its strategic location provides excellent visibility and accessibility, enhanced by three convenient access points. The center's potential extends beyond its existing footprint, with two available pad sites offering opportunities for further development. Preliminary plans indicate the possibility of constructing outparcel buildings ranging from approximately 6,087 to 11,200 square feet. The RBD zoning allows for a variety of uses, and the presence of a drive-thru is a possibility for future tenants. This well-positioned center offers a strong foundation for immediate income generation and long-term growth potential within a vibrant community. The property's size, location, and existing anchor tenants make it an attractive investment for both seasoned and emerging retail investors. The potential for additional development further enhances its value and future prospects.

Property profile

Verified
Property type Retail properties & Spaces
Total area 102,360 SF
Lot 0.48 ac (20,909 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
  • Discount Store
  • Dental Office
  • Gym & Fitness Center
  • Eye Care Center Ophthalmologist
  • Bank Credit Union

Location

5850 Highway 74 Indian Trail, NC 28079
Indian Trail 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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