3965 Arrowhead BlvdMebane, NC 27302

Property Details for 3965 Arrowhead Blvd

Year built

1973

Lot size

2.53 AC

Property size (Sq ft)

12,748 SF

Zone code

B 2

Property type

Retail space

APN

167511

APU

167511

Description

This exceptional 12,850-square-foot retail building presents a remarkable opportunity in Mebane, North Carolina. Strategically located adjacent to the Tanger Outlet, this property boasts unparalleled visibility from Interstate 40, ensuring high traffic and brand exposure. The entire space is currently vacant, offering a blank canvas for a discerning tenant to establish a flagship location. The building's design is ideal for a variety of retail uses, and its prominent position guarantees significant foot traffic and drive-by visibility. The lease terms are structured as a triple net (NNN) lease, with a competitive base rent of $12.00 per square foot. This attractive rate is further enhanced by a built-in 3% annual rent increase, providing predictable income growth for the landlord. Property taxes and insurance are estimated at $1.00 per square foot, offering transparency and predictability in operating costs. The property is situated in Alamance County, a thriving area with a strong retail market. This prime location, coupled with the building's size and visibility, makes it an exceptional investment opportunity for businesses seeking to establish a strong presence in a high-traffic area. The ample space and excellent location provide a unique chance to create a successful and impactful retail operation. Don't miss this chance to secure a highly visible and desirable retail space in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,020,627

  6.5%

  $2,788,271

  7%

  $2,589,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,373,964

  Geo Method

  $7,373,964

• Alternative Use

  Use

  Valuation

  Residential

  $2,352,011

  Hospitality

  $2,154,429

  Educational

  $1,792,460

  Medical

  $1,854,105

  Retail

  $2,788,271

Location Insight

City

Mebane

County

Alamance

State

North Carolina

Latitude

36.0731

Longitude

-79.2697

CBSA code

15500

CBSA name

BURLINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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