Properties

Firestone, Burlington, NC

University Dr & Rural Retreat Rd
Burlington, NC 27215

PROPERTY SOLD

Property: Investment Sales

Price: $2,560,000

Cap Rate: Call

Description:

• 15 miles east of Greensboro at University Dr (Exit 140) and I-40/85
• Near the 690,000 SF Alamance Crossing open-air development
  7,575 SF complete auto care center developed on a 1.32 acre pad
• Tenant commenced a 15 year lease with rent bumps in October 2011
• The transaction closed escrow in November 2011 for $2.56 Million
• The buyer was a high net worth individual out of the west coast