Property Details

Property Description

Vakos Real Estate Services is please to present for sale the Shopping Center at Eric Lane in Burlington, NC. Eric Lane Shopping Center is a 219,580 SF retail hub on a 25-acre lot, fully leased with a strong mix of national and local retailers. Anchored by Northern Tool, Colfax Furniture, and Carolina Bridal World, the property offers prime visibility from Highway 40/85. It also features a spacious parking lot, providing potential for a new pad site.

Location Description

Vakos Real Estate Services is please to present for sale the Shopping Center at Eric Lane in Burlington, NC. Eric Lane Shopping Center is a 218,000 SF retail hub on a 25-acre lot, fully leased with a strong mix of national and local retailers. Anchored by Northern Tool, Grace Chapel, and Carolina Bridal World, the property offers prime visibility from Interstate 40. It also features a spacious parking lot, providing potential for a new pad site.

Highlights

• Premier Investment Opportunity in Burlington's Thriving Retail & Community Hub
• This strategically located property offers exceptional highway visibility and accessibility just off the I-40/I-85 interchange, positioning it within Burlington's most dominant and growing retail and service corridor. It is surrounded by a robust ecosystem of high-traffic national retailers, popular dining, medical offices, and diverse service businesses, all supported by rapidly expanding residential neighborhoods and strong population growth trends in the Burlington metro area.
• The center boasts a highly stable and diverse tenant roster, anchored by key institutions and businesses driving significant traffic and long-term value:
• Grace Chapel Church: A major, dynamic non-denominational community anchor with a strong online presence, active social media engagement, and growing in-person and online worship services, ensuring consistent visitor flow.
• Freedom Christian Academy (Co-located): An established and rapidly growing educational institution with over 625 students, a history of property acquisition, and grade levels at capacity, demonstrating robust demand and long-term commitment.
• Elon University (Art, Archives, and Library Storage): A prestigious institutional tenant from a top-ranked university, utilizing space for essential cultural and academic preservation, highlighting the property's appeal for high-caliber long-term institutional uses and adding significant credibility.
• Northern Tool: A strong national credit tenant providing reliable income stability.
• Carolina Bridal World: North Carolina's #1 bridal shopping destination with two successful locations and a 20+ year history, drawing significant regional traffic.
• Indulor: A transnational specialist in macromolecular chemistry with a 40+ year global reputation and a US production site, representing a stable professional tenancy.
• This fully stabilized center delivers steady in-place cash flow and presents substantial upside potential through re-tenanting, lease escalations, or future pad site development. With a mix of long and short-term leases and located in a market showing consistent residential and economic growth (including a median home price up over 5% year-over-year in April 2025), this property is an ideal acquisition for 1031 exchange buyers, private investors, and institutional owners seeking a high-performing asset in a growth-oriented market.

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