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1905-1939 Nc-119 Hwy S
Mebane, NC 27302
Mebane Ridge Marketplace · Retail Property For Sale
Investment Highlights
- Value-Add | Converting gross leases to NNN for 75% of the GLA creates $57K in revenue, 2,400 SF of vacancy upside
- Proximity to Tanger Outlets | 7-minute drive from the collection of 73 stores which observed 2.9M visits over the past 12 months
- Nearby Economic Drivers | Close proximity to Hawfields Middle School (716 students) and Audrey Garrett Elementary (571 students)
- Access from NC-119 & I-40 | Frontage on NC-119 (19,500 VPD) and a 3-minute drive from I-40 (105,000 VPD)
- Tenant Commitment | 25% of the GLA has leased space for over 14 years with a weighted average tenure for the center of 6 years
Property Facts
Property Type
Retail
Property Subtype
Building Size
23,700 SF
Building Class
B
Year Built
2007
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
2.35 AC
Zoning
B2 - Business
Frontage
402’ on NC-119 Hwy
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 170518 | Improvements Assessment | $2,727,255 |
| Land Assessment | $669,200 | Total Assessment | $3,396,455 |
Property Taxes
Parcel Number
170518
Land Assessment
$669,200
Improvements Assessment
$2,727,255
Total Assessment
$3,396,455
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