1039 N Bridge St

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1039 N Bridge St

Elkin, NC 28621
Asking Price
$1.11M
Asset Type
Retail
Class
Class B

What's Special

1039 N Bridge Street is situated along a primary commercial corridor in Elkin, North Carolina. The property is positioned within a high-traffic area characterized by a mix of national retail chains, local businesses, and dining establishments, including the adjacent Elkin Valley Plaza. The location offers direct road frontage and visibility on US-21, providing straightforward access for local residents and regional commuters. It is located approximately two miles from I-77, a major north-south interstate, ensuring efficient connectivity to the broader Triad region. The property is well-suited for diverse retail operations, including specialty shops, showrooms, or service-oriented businesses. Its placement within an established trade area makes it an appropriate site for national franchises or independent retailers seeking proximity to existing shadow anchors and high-volume grocery stores. Typical tenants would include retail providers, medical clinics, or professional service firms that benefit from high daily vehicle counts and a central location within Elkin’s primary shopping district.

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NOI
$80,000
Cap Rate
7.22%
DSCR
1.22
Tight
Cash-on-Cash
4.28%
Monthly Payment
$5,481.779
Annual Cash Flow
$14,218.647

Location & Travel Times