For Sale
$700,000

10970 Chapel Hill RdMorrisville, NC 27560

Established Dry Cleaning Business, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
This established dry cleaning business in Morrisville, NC, is offered for sale at $700,000. Located at 10970 Chapel Hill Rd, in the Perimeter Park Shopping Center, this Class B, 2,854 square foot business enjoys a prime location near major highways (540, I-40) and RDU Airport, benefiting from high customer traffic due to its proximity to restaurants, hotels, and other retail establishments. The business boasts 100% occupancy and a strong NOI of $699,000. Currently operating under a multi-tenant lease with a remaining term of approximately 2.1 years (expiring 12/31/2026), new lease terms will need to be negotiated with the landlord(s). The property includes two locations: the main Morrisville location (rent/TICAM: $7,727.51) and a smaller pickup/drop-off location in Durham. The business has existing contracts with local hotels for linen services and offers pickup and delivery throughout the area. Branded vehicles are available for separate purchase. The seller is willing to assist with the transition. The property features 2 parking spaces, was built and renovated in 2009, and is zoned RAC. This is a turnkey opportunity for an owner/user seeking a profitable and well-established business.

Highlights

  • Established dry cleaning business for sale in Morrisville, NC for $700,000.
  • Located in Perimeter Park Shopping Center at 10970 Chapel Hill Rd, near major highways and RDU Airport.
  • 2,854 sq ft Class B building with 100% occupancy and a strong NOI of $699,000.
  • Multi-tenant lease with approximately 2.1 years remaining (expires 12/31/2026); new lease terms to be negotiated.
  • Includes main Morrisville location (rent/TICAM: $7,727.51) and a smaller Durham pickup/drop-off location.
  • Turnkey opportunity with seller assistance; 2 parking spaces; built/renovated in 2009; RAC zoning.

Property Details for 10970 Chapel Hill Rd

Property type
Square Feet
2,854 SF
Class
B
Year Built/Renovated
2009/2009
Buildings
1
Stories
1
Units
1

Location Insight

City
Morrisville
County
Wake
State
North Carolina
Latitude
35.8563434
Longitude
-78.8404277
10970 Chapel Hill Rd, Morrisville, North Carolina

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10970 Chapel Hill Rd
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