Cleeman Realty Group is pleased to announce the $2,135,000 off-market sale of Food Lion Plaza shopping center in Burlington, NC. The 40,000 SF center is anchored by a strong performing Food Lion supermarket and is located at the corner intersection of W Webb Ave and Davis Street. The property sits on 5.00 acres and was 100% occupied at closing.
Jacob Baruch and David Kaufman represented the seller and buyer in this transaction. The seller was a private investment group based in North Carolina and the buyer was a private family office also based in North Carolina.
“the seller was looking to take advantage of the strong demand in the current Covid market for high volume supermarkets and the buyer was attracted to the strong Food Lion sales ” said Baruch.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States. With offices in New York and Florida, the Cleeman Team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at cleeman.com