1137 S Main St - Retail FOR SALE


Graham, NC 27253- Mebane
$4,922,000 USD
980-498-3293
1137 S Main St, Graham, NC for Sale
$4,922,000 USD
Retail - FOR SALE
1/6
null | 5.5% Cap Rate

1137 S Main St
Graham, NC 27253
Mebane


HIGHLIGHTS

  • SIGNIFICANT NEW HOUSING DEVELOPMENT IN THE TRADE ARE
  • STRONG CONNECTIVITY AND INFRASTRUCTURE DEVELOPMENT
  • EXPANDING GREENSBORO MSA DRIVING REGIONAL DEMAND

OVERVIEW

LONG-TERM ABS. NNN GROUND LEASE - Newly executed 20-year lease with five (5) renewal options, providing zero landlord responsibilities - Built in rent escalations of 10% every 5-years CORPORATE GUARANTEE - Guaranteed by Dash In Food Stores Inc a wholly owned subsidiary of The Wills Group Inc which operates more than 55 Dash Ins and 300 other fueling locations - Reported $1.1B in annual revenue in 2024 STRONG CONNECTIVITY AND INFRASTRUCTURE DEVELOPMENT - Site benefits from direct exposure to I-40/I-85 corridor which carry peak traffic volumes of 134,000 VPD near exit 143 in Alamance County 1-mile from I-40 where traffic counts reach 126,000 VPD - The region is undergoing infrastructure upgrades including I-85 expansion at I-40/I-85 interchange GRAHAM RETAIL CORRIDOR - Sits is within rapidly growing Alamance County corridor - 2.3% YoY population growth and rising AHHI for the past 15 years - Retail vacancy below 4% - County retail inventory exceeds 300,000 SF SIGNIFICANT NEW HOUSING DEVELOPMENT IN THE TRADE ARE - City of Graham reported a 34% population growth over the past 20 years - 60-unit senior housing apartment adjacent to site (S Main St) on a 3.29-acre parcel proposed - Across Alamance County there are 89 new-home communities under development EXPANDING GREENSBORO MSA DRIVING REGIONAL DEMAND - Greensboro-High Point MSA is home to approx. 780,000 residents - Median HHI in the MSA reached $63,083 in 2023 up 5.9% YoY - In 2024 the regions real GDP was $56.2 Bn - Forecasts of the broader Triad region project 2.6% population growth over the next five years

FOR SALE DETAILS

PRICE

$4,922,000 USD

PRICE/SF

$864 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dash-In | Greensboro, NC MSA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.25 AC

LAND SF

141,570 SF

ZONING

-

APN/PARCEL ID

144169

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.