Cedarock Commons

For Sale

2401-2589 Eric Lane, Burlington, NC 27215

This Burlington property for sale is located at 2401-2589 Eric Lane. The current listed sale price for Cedarock Commons is $13,200,000. Cedarock Commons is situated on a lot that is 23.95 acre in size.

Contacts

broker

David Zipparo

Avison Young

Property Details

  • Property Type Retail - Community Center
  • Property Size 217,000 SF
  • Units 9
  • Lot Size 23.95 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 937
  • Property Tenancy Multi-Tenant
  • Year Built 1966
  • Date Updated May 20, 2024
Burlington is located less than a 45-minute drive to Durham, Research Triangle Park and Greensboro. This proximity to major employment hubs has attracted many residents to seek Burlington as a more affordable option to reside. Interstate 40 offers direct access to Charlotte to the west, and Raleigh and the Atlantic coast to the east. Burlington is currently experiencing long-term growth, not only due to its location with easy interstate access but also due to strategic city investments. The historic downtown has been revitalized with new loft apartments, offices, breweries and parks connected by multi-use pathways. This high-growth area has come into focus for investors in recent years who are seeking strong investment returns.On behalf of ownership, Avison Young is pleased to exclusively present the opportunity to acquire Cedarock Commons (the “Property”). Ideally positioned in the high-growth Burlington market, the Property offers investors a stable cash flowing investment opportunity with future upside potential. Located on ±23.95 acres, the Property is positioned with convenient access immediately off exit 143 from the highly trafficked Interstate 40, boasting 113,000 vpd. The Property, seen by over 1,500 feet of clear visibility from I-40, consists of ±217,000 square feet of leasable ground level space. ±208,000 square feet are ground level and ±9,000 square feet are on the second floor accessed by elevator or stairs. A billboard on the Property offers tremendous interstate signage. The large parking field provides an opportunity for a purchaser to seek approval for and use excess parking for outparcel development. This investment offers stable cashflows with ±83% occupancy and a weighted average lease term remaining of approximately four years. The tenant mix consists of six businesses, including one that has been operating at Cedarock Commons for over a decade. Cedarock Commons provides an exceptional opportunity for investors to gain a foothold in this high-growth market at an attractive basis.

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Attachments

Getting around

  • 30/100

    Walk Score ®

  • 29/100

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Location

  • City Burlington, NC
  • Zip Code 27215
  • Market Winston Salem Greensboro

Points of Interest

  • Burlington

    3.07 miles

  • Sheetz

    0.55 miles

  • Harris Teeter Gas

    1.15 miles

  • Tesla Supercharger

    1.97 miles

  • BJ's Gas Station

    2.12 miles

  • Shell

    2.32 miles

  • BP

    2.71 miles

  • Shell

    3.28 miles

  • Shell

    4.25 miles

  • Exxon

    4.30 miles

  • Shell

    4.69 miles

  • City Park

    1.86 miles

  • Innovation Quad Parking Lot

    2.99 miles

  • Dog Park Parking

    3.17 miles

  • Global Parking Lot

    3.30 miles

  • Free Parking

    4.33 miles

  • Car Parking

    5.05 miles

  • Great Alamance Creek Paddle Access

    5.38 miles

  • Graham Paddle Access

    6.21 miles

  • Wendy's

    0.36 miles

  • Waffle House

    0.39 miles

  • Hardee's

    0.44 miles

  • Biscuitville

    0.52 miles

  • Sal's Italian

    0.95 miles

  • DQ Grill & Chill

    0.96 miles

  • Cook Out

    0.96 miles

  • Colombian Cravings

    0.96 miles

  • Stokely's BBQ

    0.97 miles

  • Subway

    0.98 miles

  • JR Cigar

    0.12 miles

  • Holly Hill Mall and Business Center

    1.09 miles

  • Sears

    1.10 miles

  • Harris Teeter

    1.21 miles

  • Walmart Supercenter

    1.32 miles

  • Aldi

    1.63 miles

  • JCPenney

    1.66 miles

  • Belk

    1.69 miles

  • Dillard's

    1.86 miles

  • Kohl's

    2.04 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

David Zipparo

Avison Young