3239 S Church St

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3239 S Church St

Elon, NC 27244
Asking Price
$5.00M
Asset Type
Retail
Class
Class B

What's Special

3239 S Church St is situated in a growing commercial corridor in Elon, North Carolina, positioned near the Burlington city limit. The property benefits from high visibility along a primary regional thoroughfare, providing direct access to Interstate 40 and Interstate 85. The surrounding neighborhood is characterized by a mix of established residential communities and active retail hubs. Nearby amenities include national grocery chains, diverse dining options, and professional service centers. The location serves as a key transit point for commuters traveling between Greensboro and Durham, ensuring consistent daily traffic counts and accessibility for local residents and regional visitors alike. This retail asset is well-suited for businesses seeking a high-traffic environment with stable demographic support. Ideal use cases include boutique retail storefronts, specialty fitness studios, or quick-service food and beverage concepts. The property is also conducive to service-oriented tenants, such as medical clinics, insurance agencies, or salon suites, that require prominent signage and easy parking. The typical tenant profile consists of regional franchises or local entrepreneurs looking to leverage the area's steady population growth and proximity to Elon University. The site’s flexible layout and strategic positioning cater to businesses prioritizing visibility and convenience in the Alamance County market.

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NOI
$80,000
Cap Rate
1.60%
DSCR
0.27
Underwater
Cash-on-Cash
-14.46%
Monthly Payment
$24,752.114
Annual Cash Flow
$-217,025.371

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