4405 Wendover Ave - Freestanding FOR SALE


Greensboro, NC 27407- Outer Northwest I-40 Corridor
$8,750,000 USD
415-786-4303
4405 Wendover Ave, Greensboro, NC for Sale
$8,750,000 USD
Freestanding - FOR SALE
1/4
null | 6.95% Cap Rate

4405 Wendover Ave
Greensboro, NC 27407
Outer Northwest I-40 Corridor


HIGHLIGHTS

  • The property is 100% occupied by two national, credit-rated tenants — Jared The Galleria of Jewelry and AT&T Mobility.
  • Positioned along Wendover Avenue, one of Greensboro’s most heavily trafficked and established retail corridors.
  • Strategic Retail Corridor Location.
  • Fully Stabilized NNN Property.

OVERVIEW

Ground Matrix, Inc. is pleased to present the opportunity to acquire the fee simple interest in a high-quality retail asset located at 4405 Wendover Avenue in Greensboro, North Carolina. The Property consists of a 9,227-square-foot retail building situated on 0.68 acres within one of Greensboro’s most active and established retail corridors. The asset is 100% occupied by two nationally recognized tenants — AT&T Mobility (New Cingular Wireless PCS, LLC) and Jared The Galleria of Jewelry (Sterling, Inc.) — both operating under corporate-backed NNN leases. These leases provide full reimbursement of all operating expenses, including a 10% management fee, resulting in a true passive income structure for ownership. The Property features a weighted average remaining lease term of approximately years, with 10% rent escalations every five years, extending through multiple renewal options. This offering represents an exceptional opportunity for investors seeking long-term stability, predictable cash flow, and credit tenancy in a prime Greensboro trade area.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$948 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

CSC

APN/PARCEL ID

0074418

ASK ABOUT THIS PROPERTY

Jake LevinsonGround MatrixMore Info
415-786-4303

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Jake LevinsonGround MatrixMore Info
415-786-4303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.