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33879085
33879083

1334 East Dixie Drive, Asheboro, NC 27203

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$5,403,000
6 days on market
Updated 6 days ago

Chase Bank Strip Center | Asheboro, NC

Details
Property Type Retail
Sub Type Bank, Storefront (+1)
Square Footage 9,442
Net Rentable (SqFt) 9,442
Cap Rate 5.75%
NOI $310,680
Occupancy 100%
Tenancy Multi
Brand/Tenant Bank of America, Citizens Bank (+10)
Lease Type NNN
Remaining Term 15
Rent Bumps Yes
Lease Options Yes
Class A
Year Built 1990
Year Renovated 2026
Acreage 0.740
Investment Type Net Lease
Ground Lease No

5.75% CAP | NEW 15 YEAR CHASE BANK LEASE - Below Mkt Rents

Investment highlights

BELOW-MARKET IN-PLACE RENTS | RENEWAL PROBABILITY & UPSIDE

  • AT&T and Mattress Warehouse are both operating below current market rental rates, creating a compelling incentive for long-term tenancy while providing investors with meaningful mark-to-market upside upon future lease rollover.

NEW 15-YEAR CHASE LEASE | INVESTMENT-GRADE CREDIT ANCHOR

  • Chase The property is anchored by a newly executed 15-year lease with Chase Bank, providing long-term income stability backed by JPMorgan Chase (NYSE: JPM), the largest bank in the United States with approximately $4.3 trillion in assets and investment-grade credit ratings.

100% LEASED TO NATIONAL TENANCY | DIVERSIFIED INCOME STREAM

  • The center is fully leased to Chase Bank, AT&T, and Mattress Warehouse, providing diversified cash flow from nationally recognized operators across the banking, telecommunications, and home furnishings sectors.

RECENTLY RENOVATED ASSET | LIMITED LANDLORD RESPONSIBILITIES

  • Following a comprehensive 2026 renovation, the property offers investors a well-maintained asset with limited landlord responsibilities for roof and structure, reducing management intensity and near-term capital expenditure requirements.

1.7 MILLION SF RETAIL CORRIDOR | DOMINANT TRADE AREA POSITIONING

  • The property is strategically located within Asheboro's primary retail corridor, surrounded by approximately 1.7 million square feet of retail and numerous national retailers including Walmart, Lowe's, Aldi, Ross, Hobby Lobby, Chick-fil-A, Marshalls, and Planet Fitness.

TOP-PERFORMING NATIONAL RETAILERS IN TRADE AREA

  • The surrounding retail corridor is home to several top-performing locations nationwide per Placer.ai, including Chick-fil-A (Top 1%), Harbor Freight (Top 11%), Mattress Warehouse (Top 17%), and Aldi (Top 23%), validating the strength of the underlying real estate and consumer demand within the trade area.

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$310,680.00
$25,890.00/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

Map

Zoning

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B2 CommercialGeneral CommercialGeneral Commercial
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Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
David Hoppe
License
NC 288268
Name
Mike Lucier
License
NC 231272
Name
Ben Olmstead
License
NC 315015
Brokerage
Atlantic Capital Partners
Brokerage Phone
7046515953
Title
Senior Associate
Brokerage Address
4350 Congress Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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