STRONG LEASE FUNDAMENTALS
- New 15 year Abs NNN lease with eight (8) 5-year renewals
- 10% rent increases every 5 years during current term & option periods
- No LL responsibility
LOCAL CORPORATE TENANT
- Biscuitville Fresh Southern is headquartered in Greensboro where they have been able to stage the launch of 85+ locations
- Regional leader in QSR breakfast category
HIGH QUALITY REAL ESTATE
- 2K SF QSR Prototype with a drive through
- Commitment to local market while they expand in the Carolinas and outpace overall QSR growth
INVESTMENT HIGHLIGHTS HIGHLY ACCESSIBLE & VISIBLE LOCATION
- Cross access through the shopping center providing access to the light
- Strategically positioned with immediate access to I-40, W Wendover Ave and I-73
- Collectively these interstates handle 250,000+ VPD
RETAIL TRADE AREA
- Outparcel to Landmark Station mall
- Within a 1-mile radius there is a dense 3.1M SF retail corridor that asset is situated in
- National credit tenants drive consistent customer traffic
- Nearby national tenants include Lowes, Home Depot, Walmart, Costco, Sam’s Cub
HIGH GROWTH GREENSBORO
- Located in the Triad MSA, one of North Carolina’s three largest metropolitan areas
- In 2023, Greensboro witnessed construction values surpassing $1 billion, marking a 37% increase from the previous year
- Projections estimate that Greensboro will welcome an additional 60,000 residents over the next two decades