Church Street Shopping Center
Retail | 95,460 SqFt
Marketing description
Bryant Capital Advisors is pleased to present the exclusive offering of 2125–2143 N. Church Street in Burlington, North Carolina — a stabilized, Ollie’s Bargain Outlet–anchored shopping center with significant value-add potential.
Positioned along a highly trafficked retail corridor with approximately 25,000 vehicles per day, the property benefits from excellent visibility and convenient access to major highways connecting the Triad, Charlotte, and Triangle MSAs. The center is anchored by a strong lineup of national tenants, including Ollie’s Bargain Outlet, Dollar General, and Aaron’s, providing durable cash flow and consistent customer traffic.
Originally built in 1965, the property offers a compelling value-add opportunity driven by below-market in-place rents. Current average rents of $5.72/SF are significantly below the estimated market average of $9.00/SF NNN, creating a clear path for revenue growth through lease rollover and mark-to-market adjustments. A notable opportunity exists with the Discount Furniture space, where releasing at market rates upon expiration in 2028 could generate approximately $80,000+ in incremental NOI, translating to more than $1 million in additional value.
The investment is further enhanced by attractive assumable financing. The existing loan carries a below-market fixed interest rate of 4.25% through 2042 with a 25-year amortization schedule and an approximate balance of $4.05 million. Combined with strengthening retail fundamentals and tenant commitment — including more than $1.5 million invested by CSL Plasma — the property offers both stable in-place cash flow and long-term value creation.
Investment highlights
- Ollie’s Bargain Outlet–Anchored Shopping Center
- Below-Market Rents with Mark-to-Market Upside
- ~$80K+ NOI Growth from Lease Rollover
- Assumable 4.25% Fixed Debt Through 2042
- ±25,000 VPD High-Visibility Retail Corridor
- Strong National Tenant Lineup
- $1.5M+ Tenant Investment by CSL Plasma
- Two Outparcel Value Potential
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