$4,781,000 USD
404-441-3849
2976 Battleground Ave
Greensboro, NC 27408
Delwoods Park/Fairfield
HIGHLIGHTS
- Recently Extended Net Lease | 10% Rent Increases at the Onset of Each of the Three, 5-Year Renewal Options
- Excellent Performer with Extremely Strong Rent-To-Sales & Earnings | Long Operating History of 23 Years
- Premier Access & Visibility | 4 Miles from Downtown Greensboro | Battleground Avenue (33,000 VPD) | 2 Miles from the On-Ramp to I-840 (15,500 VPD)
- Affluent Demographics | 3-Mile Population of 68,375 & Average Annual Household Income of $122,655
- 6.9 MSF Retail, 4.6 MSF Office & 2.2 MSF of Industrial within 3-Miles
- Greensboro-High Point, NC MSA Advantage | MSA Population (792,457)
OVERVIEW
The CBRE Net Lease Property Group is pleased to offer for sale the 12,950-square-foot Total Wine & More asset situated on 1.36 acres in Greensboro, North Carolina (MSA Population: 792,457). Total Wine & More’s net lease was recently extended for an additional 10 years through 2032 and now features ±7.6 years of term remaining with 10% rent increases at the onset of each of the three, 5-year options.
FOR SALE DETAILS
PRICE
$4,781,000 USD
PRICE/SF
$369 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Total Wine & More
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
61
LAND DETAILS
LAND ACRES
1.36 AC
LAND SF
59,272 SF
ZONING
CGB
APN/PARCEL ID
0030397
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
404-441-3849
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
404-441-3849
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
