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34046219
34046215

2391 Eric Lane, Burlington, NC 27215 For Sale

MS
NC NC 359237
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$2,500,000
17 days on market
Updated 5 days ago

Retail Development Pad

Details
Property Type Land
Sub Type Commercial
Pads 1
Price Per Acre $817,000
Broker Co-Op True
Acreage 3.060
Zoning General Business District
Investment Type Value Add

Large Parcel 3.06 AC | Located Inside Dense Retail Corridor | Affluent Surrounding Area

Investment highlights

• Strategic location provides great visibility and access from I-40/I-85 | | 130,000 VPD

• Located inside of dense retail corridor | 4.2M SF within a 2-mile radius

• Large parcel | 3.06 acres

• Large industrial presence nearby bringing in a large volume of daytime workers to the area | 5.2M SF of space within a 2-mile radius

• Ahold Delhaize USA (Food Lion) will be investing $860M in the city of Burlington to establish a modern distribution center for its grocery brands along the East Coast | The project will initially bring 120 new jobs and over 500 after completion

• Proven life sciences and biotech corridor | Burlington is home to a growing concentration of pharmaceutical, contract research organizations (CRO’s), and life sciences employers, anchoring a highly educated daytime workforce

• LabCorp global headquarters is Burlington’s largest employer | Fortune 250 company with 5,000 Alamance County employees, 8,200 in North Carolina and 71,000+ worldwide, serving 120M+ patient encounters per year

• Located near top performing retailers | Lowe’s ranks in the 99th percentile | Food Lion ranks in the 90th percentile | Big Lots ranks in the 88th percentile | Northern Tool + Equipment ranks in the 84th

percentile | Harbor Freight ranks in the 76th percentile | All nationwide via placer.ai

• Affluent surrounding area | $89,591 average household income within a 2-mile radius

• 5 minutes Cone Health Hospital Burlington | 628 beds

• Less than 10 minutes from Elon University and Alamance Community College | 12,000 students combined

• Less than 15 minutes Hugh M Cummings High School, Graham High School, Southeast Alamance High School, & Walter Williams High School | 3,633 students combined

• Approximately 35 minutes from both Piedmont Triad International Airport & Raleigh-Durham International Airports | 880 flights per day combined

• Positioned between two major metro markets | Approximately 50 minutes downtown Raleigh and 20 minutes to downtown Greensboro capturing demand from the broader Piedmont Triad and Research Triangle corridor

• Nearby Destination Retailers | Walmart Supercenter, Target, Lowe’s, Home Depot, Publix, Harris Teeter, Food Lion, Lowes Foods, ALDI, Best Buy, Tractor Supply, Kohl’s, Texas Roadhouse, Olive Garden, Outback, LongHorn, Applebee’s, McDonald’s, Starbucks, Chick-fil-A, Chipotle,

Arby’s, CAVA, Taco Bell, Wendy’s, Zaxby’s, Popeyes, Biscuitville, Panera, Hardee’s, Bojangles, Advance Auto, AutoZone, O’Reilly, Take 5, Strickland Brothers, Mavis, and more

Listing Contacts

MS
NC NC 359237
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Additional Information

Name
Matt Sagehorn
License
NC 359237
Brokerage
Berkeley Capital Advisors
Brokerage Phone
562-972-0044
Title
Real Estate Broker
Brokerage Address
1228 East Morehead Street
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