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Mebane Oaks Shops, Mebane, NC

Mebane Oaks Shops

NC, United States

Price $3,613,000
Cap Rate
NOI
Lease Term Various
Lease Type
Rental Increases Various
Year Built 2015
Building Size 8,400 sq. ft.
Lot Size 1.05 Acres (45,738 sq. ft.)
Status Sold
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

100% LEASED RETAIL CENTER WITH STRONG NATIONAL TENANTS
» 100% leased to national tenants with strong brand recognition
» Starbucks is an investment-grade tenant with an “A-” rating from Standard & Poor’s
» Multi-tenant center offers investment diversification

HARD CORNER LOCATION IN PRIMARY RETAIL CORRIDOR
» Located at signalized hard corner with 11,000 vehicles per day on Mebane Oaks Road
» Next to Garrett Crossing, anchored by Walmart Supercenter
» Close proximity to Tanger Outlet Mebane, the largest retail destination in Mebane

FREEWAY-VISIBLE LOCATION
» Immediately adjacent to the Interstate 40 interchange
» Excellent visibility to 83,000 vehicles per day on Interstate 40
» Interstate 40 is the major route connecting Mebane to Greensboro and Raleigh

BRAND NEW 2015 CONSTRUCTION
» High-quality construction featuring the latest store designs and concepts
» Features Starbucks drive-thru, providing additional customer convenience and boosting sales

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located at the signalized hard corner of Brundage Lane and Mebane Oaks Road, with excellent visibility to 11,000 vehicles per day on Mebane Oaks Road. The property is located just off of Interstate 40 and has freeway-visible signage. Interstate 40 is a major route between Greensboro and Raleigh and experiences a traffic count of 83,000 vehicles per day near the site. The property is adjacent to Garrett Crossing, which is anchored by a Walmart Supercenter. Several other retail centers are near the site, including Tanger Outlet Mebane, which features over 80 stores, including Aldo, OshKosh B’gosh, Le Creuset, Coach, Talbots, and many others.

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