111 Cardinal Dr, Hillsborough, NC 27278
For Lease
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This ±1.4-acre parcel presents a prime ground lease opportunity in Hillsborough, North Carolina. Ideally situated off I-85 near the intersection of Old NC-86, this property boasts exceptional visibility and accessibility. The HIC (High Intensity Commercial) zoning allows for a wide range of commercial development options, including retail, food service, or other commercial establishments. Its strategic location provides convenient access to major transportation arteries like I-40, placing it within easy reach of a substantial consumer base. The surrounding area features a mix of established businesses, including hotels (such as the Holiday Inn Express), diverse dining and retail options, and significant residential development in the form of numerous subdivisions and apartment complexes. The property's APN is 9863886897. This location offers unparalleled potential for high traffic and strong returns on investment. The address is 111 Cardinal Dr, Hillsborough, NC 27278. This is a single-tenancy land opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
HI · Hillsborough, NCHillsborough. Always verify with local authorities before improvements.
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.