Newmark, as exclusive advisor, is pleased to present for sale Midtowne Park a 15,550 SF unanchored retail center located in the heart of high-growth and affluent Burlington, North Carolina. Built in 2019, the property is 100% leased to an impressive tenant line-up that includes restaurants, fitness and healthcare tenants alike. Cone Health Urgent Care, a leading healthcare provider in the region, recently renewed and expanded at the center with a lease extending through 2035. Other prominent tenants with long-term leases include Stretch Zone, GameDay Men’s Health, Sir Pizza, iSi Elite Training and Zia Tap Room.
Strategically positioned along University Drive just north of Interstate-40, Midtowne Park is only minutes from major area employment hubs including Elon University (7,500+ students, faculty & staff) and Almance Regional Medical Center (Cone Health, 238-beds). The center benefits from large pylon signage, terrific visibility and an impressive 35,816 traffic count along University Drive. Additionally, the subject property benefits from affluent area demographics featuring $100K+ Average HH Income levels combined with significant future growth projections. Combined with its strategic location and sought-after demographics, Midtowne Park presents investors with the opportunity to acquire a newer construction, retail strip center featuring a stable and growing cash flow.