Land Development Opportunity

For more information, contact:
Robert James, Managing Director
280 Park Avenue, 11th Floor West, New York, NY 10017
1031@kimcorealty.com
Phone
212-972-7457
Fax 212-972-7496
Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.
www.kimco1031.com
Land Development Opportunity
25.59 Acres For Development
I-85 & Highway 49, Burlington, NC
Property
Property Summary:
Summary:
This
This 25.59
25.59 acre
acre parcel
parcel of
of developable
developable land
land has
has direct
direct access
access to
to interstate
interstate highway
highway I-85
I-85 // I-40
I-40 as
as well
well as
as Hwy.
Hwy. 49
49
in
Burlington,
N.C.,
Alamance
County.
The
property
is
well
suited
to
a
car
dealership,
retail
or
industrial
in Burlington, N.C., Alamance County. The property is well suited to a car dealership, retail or industrial
warehouse
warehouse uses.
uses. The
The property
property has
has excellent
excellent visibility
visibility from
from Highway
Highway 49,
49, directly
directly south
south of
of I-85
I-85 // I-40,
I-40, exit
exit 145.
145.
Located
in
Burlington
Commerce
Park,
the
property
is
the
one
of
the
last
remaining
large
tracts
in
Alamance
Located in Burlington Commerce Park, the property is the one of the last remaining large tracts in Alamance
County
County zoned
zoned commercial
commercial which
which isis located
located directly
directly off
off the
the Interstate.
Interstate. All
All infrastructure
infrastructure isis in
in place
place and
and property
property
isis flat
flat and
and rough
rough graded,
graded, and
and utilities
utilities are
are available
available in
in the
the W
W Hanford
Hanford Rd
Rd loop.
loop. The
The property
property isis zoned
zoned B-2.
B-2.
Market
Market Summary:
Summary:
Nestled
Nestled in
in the
the heartland
heartland of
of North
North Carolina
Carolina between
between the
the mountains
mountains and
and the
the coast,
coast, Burlington
Burlington offers
offers rich
rich history,
history,
exciting
cultural
attractions,
great
shopping
and
recreation
activities
that
include
some
of
the
state's
best
exciting cultural attractions, great shopping and recreation activities that include some of the state's best golf
golf
courses.
The
City
of
Burlington
has
received
good
credit
marks
from
two
national
rating
agencies:
Standard
courses. The City of Burlington has received good credit marks from two national rating agencies: Standard and
and
Poor’s
Poor’s and
and Moody’s.
Moody’s. Standard
Standard and
and Poor’s
Poor’s Rating
Rating Services
Services raised
raised its
its rating
rating on
on Burlington’s
Burlington’s General
General Obligation
Obligation
bonds
bonds to
to ‘AA-‘
‘AA-‘ from
from ‘A+’,
‘A+’, based
based on
on the
the growth
growth diversification
diversification of
of the
the City’s
City’s economy,
economy, resulting
resulting in
in increasing
increasing
property
property and
and sales
sales tax
tax revenues,
revenues, and
and strong
strong management
management of
of this
this transition
transition in
in economic
economic structure.
structure. Further
Further
economic
economic development
development should
should continue
continue to
to strengthen
strengthen the
the City’s
City’s financial
financial position.
position. Land
Land uses
uses surrounding
surrounding the
the
subject
property
include
Red
Roof
Inn,
Microtel
Inn
and
Suites,
Captain
D’s
Restaurant
as
well
as
many
subject property include Red Roof Inn, Microtel Inn and Suites, Captain D’s Restaurant as well as many
industrial
industrial // warehouse
warehouse facilities
facilities located
located on
on the
the ring
ring road
road adjacent
adjacent to
to the
the subject
subject property.
property. Seller
Seller will
will sub-divide
sub-divide
and
sell
a
portion
of
the
land
if
needed.
Burlington
is
located
between
Greensboro
and
Durham,
NC.
and sell a portion of the land if needed. Burlington is located between Greensboro and Durham, NC.
Price
Price and
and Cap:
Cap:
We
offer
this
We offer this property
property at
at $3,198,800
$3,198,800 ($125,000
($125,000 per
per acre).
acre).
Subject Property
This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
For more information, contact:
Robert James, Managing Director
280 Park Avenue, 11th Floor West, New York, NY 10017
1031@kimcorealty.com
Phone
212-972-7457
Fax 212-972-7496
Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.
www.kimco1031.com
Land Development Opportunity
Ro
o
fI
nn
In
n
Re
d
Da
y’
s
Ha
rle
Ya
m
ah
a
y
Da
vi
d
so
n
Exit 145
G
Delta
n
Sho
m
ypsu
d)
lose
C
(
ey’s
Subject
Property
Hwy
49
Zoned
Industrial
Zoned
Mixed
Use
(continuing
out toward
airport)
This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
For more information, contact:
Robert James, Managing Director
280 Park Avenue, 11th Floor West, New York, NY 10017
1031@kimcorealty.com
Phone
212-972-7457
Fax 212-972-7496
Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.
www.kimco1031.com
Land Development Opportunity
Subject Property
This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
For more information, contact:
Robert James, Managing Director
280 Park Avenue, 11th Floor West, New York, NY 10017
1031@kimcorealty.com
Phone
212-972-7457
Fax 212-972-7496
Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.
www.kimco1031.com
Land Development Opportunity
Nearby Car Dealerships
(within a 2 mile radius)
K
L
Subject
Property
A - Cox Toyota – 2475 N Church Street
B – Dick Shirley Chevrolet – 2626 Alamance Rd
C - Burlington Honda – 2920 S Church Street
D – Stearns Ford – 602 Alamance Rd
E – Carolina Nissan – 330 Huffman Mill Rd
F – Westcott Buick – Pontiac- Isuzu
H – Bill Ingold Mazda – 660 Huffman Mill Rd
I – Nations Auto Sales – 1823 E Webb Ave
J – Westcott Suzuki – 2437 S Church St
K – Nichols Dodge – 988 Plantation Drive
L – Nichols Dodge – I-85 & Maple Ave
This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
For more information, contact:
Robert James, Managing Director
280 Park Avenue, 11th Floor West, New York, NY 10017
1031@kimcorealty.com
Phone
212-972-7457
Fax 212-972-7496
Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.
www.kimco1031.com
Land Development Opportunity
This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
For more information, contact:
Robert James, Managing Director
280 Park Avenue, 11th Floor West, New York, NY 10017
1031@kimcorealty.com
Phone
212-972-7457
Fax 212-972-7496
Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.
www.kimco1031.com
Land Development Opportunity
This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
For more information, contact:
Robert James, Managing Director
280 Park Avenue, 11th Floor West, New York, NY 10017
1031@kimcorealty.com
Phone
212-972-7457
Fax 212-972-7496
Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.
www.kimco1031.com
Land Development Opportunity
20 Minute Drive Time
This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
For more information, contact:
Robert James, Managing Director
280 Park Avenue, 11th Floor West, New York, NY 10017
1031@kimcorealty.com
Phone
212-972-7457
Fax 212-972-7496
Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.
www.kimco1031.com
Land Development Opportunity
This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
For more information, contact:
Robert James, Managing Director
280 Park Avenue, 11th Floor West, New York, NY 10017
1031@kimcorealty.com
Phone
212-972-7457
Fax 212-972-7496
Kimco Exchange Place is a subsidiary of Kimco Realty Corporation.
www.kimco1031.com
Land Development Opportunity
Burlington, NC
7.00 Miles
Ossipee
2005 Average
Income
By Block Groups
$75,000
Elon or more
$60,000 to $75,000
$45,000 to $60,000
$30,000 to $45,000
Less than $30,000
5.00 Miles
Green Level
Glen Raven
Woodla
3.00 Miles
100
49
Elon College
70
Haw River
Burlington
70
tsett
n
62
40
Graham
54
49
Alamance
87
Swepsonville
Demographics
2005 Estimates
Total Population:
Total Households:
Avg. HH Income:
Med. HH Income:
3 Mile
42,705
17,458
$47,185
$38,877
5 Mile
76,605
30,687
$51,239
$42,194
I-85 & Hwy. 49
Burlington, NC
7 Mile
99,610
39,444
$52,559
$43,346
Updates of 2000 Census Data by Claritas.
This information has been obtained from sources deemed reliable, however Kimco does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.