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2589 Eric Ln
Burlington, NC 27215
Cedar Rock Commons · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strategically located just off I-40/I-85, offering excellent highway visibility and accessibility
- Potential upside through re-tenanting, lease escalations, or pad site development
- Surrounded by high-traffic national retailers, restaurants, medical offices, and service-based businesses
- Strong mix of national, regional, and local tenants
EXECUTIVE SUMMARY
Vakos Real Estate Services is please to present for sale the
Shopping Center at Eric Lane in Burlington, NC. Eric Lane
Shopping Center is a 219,580 SF retail hub on a 25-acre lot, fully
leased with a strong mix of national and local retailers. Anchored
by Northern Tool, Colfax Furniture, and Carolina Bridal World, the
property offers prime visibility from I40/I85. It also features a
spacious parking lot, providing potential for a new pad site.
Shopping Center at Eric Lane in Burlington, NC. Eric Lane
Shopping Center is a 219,580 SF retail hub on a 25-acre lot, fully
leased with a strong mix of national and local retailers. Anchored
by Northern Tool, Colfax Furniture, and Carolina Bridal World, the
property offers prime visibility from I40/I85. It also features a
spacious parking lot, providing potential for a new pad site.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
217,000 SF
Building Class
B
Year Built/Renovated
1988/1999
Price
$26,544,402 CAD
Price Per SF
$122.32 CAD
Cap Rate
6.83%
NOI
$1,812,006 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
6 Exterior
Building FAR
0.20
Lot Size
25.08 AC
Zoning
GB - General Business
Parking
1,202 Spaces (5.54 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 114301 | Improvements Assessment | $6,962,035 CAD |
| Land Assessment | $5,335,643 CAD | Total Assessment | $12,297,678 CAD |
PROPERTY TAXES
Parcel Number
114301
Land Assessment
$5,335,643 CAD
Improvements Assessment
$6,962,035 CAD
Total Assessment
$12,297,678 CAD
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