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    Property profile & analytics
    FOR LEASE
    Outlet malls

    1475 University Dr Burlington, NC 27215

    124,170 SF 10.59 ac lot Built 2004
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US53-1703418
    1475 University Dr, Burlington, NC 27215 For Lease 1 / 4
    Contact for pricing
    1475 University Dr, Burlington, NC 27215
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    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 2004
    Total area 124,170 SF
    Lot 10.59 ac (461,300 SF)
    Zoning code CB
    APN 106905
    UPID US53-1703418
    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
    • CVS Pharmacy Pharmacy
    • Alicia M. Ho, Pharm Pharmacy
    • George M. Hahle, RPh Pharmacy
    • Starbucks Cafe & Coffee Shop
    • Target Mobile Mobile Phone Store Electronics & Wireless Store
    5 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.95M
    Blend (final) Blend
    $4.52M
    Owner & transaction history
    Target Corp · 21 yrs held
    Target Corp
    since 2004
    1 recorded transaction
    2004
    $1.3M
    Zoning & alternative use
    CB · Burlington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Zoning description

    CB Conditional Business CB Conditional Business CI Conditional Industrial CI Conditional Industrial (new) PD Planned Development PDD Planned Development-Downtown 1.12. VESTED RIGHTS (AMENDED 10.20.20 UDOTA-03-20) Vested rights shield prior -approved development from the requirement to comply with changes in this Ordinance or other Town requirements except th…

    Zone name Conditional Business
    General category COMMERCIAL
    Zone area 445.09 ac
    Source Burlington UDO 10 1 24
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