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Lindley Park Commons 90 Cape Fear Dr 12,718 SF 100% Leased Retail Building Whitsett, NC 27377 For Sale
Investment Highlights
- Located at a signalized intersection along Highway 70 East, offering strong visibility and accessibility.
- 76% occupancy with upside potential as most tenants are on month-to-month leases.
- Zoned for shopping center use within a growing residential and commercial trade area.
- Built in 2008 with modern construction and functional bay sizes of approximately 20 feet wide by 60 feet deep.
- Ample on-site parking with 59 spaces, equating to 5 spaces per 1,000 SF.
- Positioned within Lindley Park Commons alongside national and regional tenants, enhancing consumer draw.
Executive Summary
This income-producing retail strip center offers a strong investment opportunity in the growing Whitsett market. Positioned at the corner of Cape Fear Drive and Burlington Road (Highway 70 East), the property benefits from excellent visibility and convenient access to surrounding residential communities and regional traffic corridors. Built in 2008, the center spans approximately 11,816 square feet on 1.09 acres and is currently 76% occupied, providing immediate cash flow with significant upside potential. Approximately 80% of the tenants are on month-to-month leases, creating flexibility for rent adjustments or repositioning strategies.
The property features a well-designed layout with multiple bays, ample parking with 59 spaces (5 per 1,000 SF), and zoning for shopping center use. Its location within Lindley Park Commons ensures strong co-tenancy and consistent consumer traffic. This asset is ideal for investors seeking a stabilized property with room for income growth in a high-demand retail corridor.
The property features a well-designed layout with multiple bays, ample parking with 59 spaces (5 per 1,000 SF), and zoning for shopping center use. Its location within Lindley Park Commons ensures strong co-tenancy and consistent consumer traffic. This asset is ideal for investors seeking a stabilized property with room for income growth in a high-demand retail corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,718 SF
Building Class
B
Year Built
2008
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.09 AC
Zoning
SC - Shopping Center
Parking
68 Spaces (5.67 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 0103399 | Improvements Assessment | $897,799 CAD |
| Land Assessment | $231,232 CAD | Total Assessment | $1,129,032 CAD |
Property Taxes
Parcel Number
0103399
Land Assessment
$231,232 CAD
Improvements Assessment
$897,799 CAD
Total Assessment
$1,129,032 CAD
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Lindley Park Commons | 90 Cape Fear Dr
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