4507 W Wendover Ave - Fast Food FOR SALE


Greensboro, NC 27409- Outer Northwest I-40 Corridor
$3,986,000 USD
980-498-3293
4507 W Wendover Ave, Greensboro, NC for Sale
$3,986,000 USD
Fast Food - FOR SALE
1/7
null | 5.75% Cap Rate

4507 W Wendover Ave
Greensboro, NC 27409
Outer Northwest I-40 Corridor


HIGHLIGHTS

  • INVESTMENT HIGHLIGHTS HIGHLY ACCESSIBLE & VISIBLE LOCATION
  • HIGH GROWTH GREENSBORO
  • LOCAL CORPORATE TENANT

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,986,000 USD

PRICE/SF

$2,059 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Biscuitville

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

CSC

APN/PARCEL ID

0074723

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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