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    OFF-MARKET
    Retail space

    2135 Church St, Burlington, NC 27217-3003

    6,000 SF 0.63 ac lot Built 1948
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US53-1571653
    Property summary
    AI-generated overview

    This exceptional 6,000-square-foot retail storefront at 2135 N. Church St. in Burlington, North Carolina, presents a unique investment opportunity. Located on a 0.69-acre lot, this single-tenant building, constructed in 1948, boasts a single story and offers ample parking with 50+ paved spaces. The property is zoned CZ and benefits from its strategic location as an outparcel to prominent anchor tenants including Ollie's Bargain Outlet, Dollar General, Aaron's, and CSL Plasma, ensuring high visibility and foot traffic. Its proximity to major retailers like Walmart, Walgreens, and O'Reilly Auto Parts further enhances its appeal. The property is conveniently situated just 6 miles from Elon University, 2.5 miles from downtown Burlington, and 5 miles from the intersection of I-40 and I-85, providing excellent accessibility. A significant advantage for prospective tenants is the landlord's offer of a tenant improvement allowance, facilitating customization and streamlining the occupancy process. The landlord is also willing to subdivide the space to accommodate specific tenant needs and is offering free rent incentives. The property includes a loading dock, adding to its operational efficiency. This is a rare opportunity to acquire a well-located, spacious retail property in a thriving area with strong tenant support and attractive incentives.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1948
    Total area 6,000 SF
    Lot 0.63 ac (27,443 SF)
    APN 148005
    UPID US53-1571653
    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
    • Dunkin Donuts Bakery Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ollies Bargain Outlet INC · 2 yrs held
    Ollies Bargain Outlet INC
    since 2024
    3 recorded transactions
    2024
    2022
    $1,000
    2019
    $400,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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