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    FOR LEASE
    Grocery and convenience stores

    1515 Yadkinville Rd, Mocksville, NC 27028

    3,750 SF 1.08 ac lot Built 1971
    Individually Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-1581271
    Property summary
    AI-generated overview

    This exceptional 1.06-acre site presents a prime redevelopment opportunity in Davie County. Ideally situated less than a mile from major retail anchors like Walmart and Lowe's Home Improvement, this Highway Commercial (HC) zoned property boasts unparalleled visibility and accessibility. The site is currently available for ground lease or build-to-suit arrangements, offering flexibility for a variety of development plans. Potential uses include a gas station/convenience store, quick-service restaurant (QSR), or medical office building, aligning perfectly with the existing zoning and high-traffic location. The annual lease rate is $130,000 per year, NNN. This is a unique chance to capitalize on a high-demand location with significant growth potential. Existing tenants are not to be disturbed. The property's strategic placement ensures strong visibility and convenient access for customers and employees. This is an exceptional opportunity for investors and developers seeking a high-return investment in a thriving commercial area. The 1.06 acres provide ample space for a substantial development project. Don't miss this chance to acquire a premier commercial property in a rapidly growing market.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1971
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,750 SF
    Lot 1.08 ac (47,045 SF)
    Zoning code HC
    APN H400000097
    UPID US53-1581271
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Chris Kennedy · 7 yrs held
    Chris Kennedy
    since 2019
    3 recorded transactions
    2019
    $980,000
    1969
    1969
    Zoning & alternative use
    HC · Mocksville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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