4639-4653 W Market St - Supermarket FOR SALE
Greensboro, NC 27407 |
4639-4653 W Market St
Greensboro, NC 27407
HIGHLIGHTS
- ANCHORED BY NATIONAL GROCER, FOOD LION, PROVIDING A VALUABLE ‘ESSENTIAL NEEDS’ SHOPPING COMPONENT, which draws from a wide radius of Greensboro
- STRONG REPORTED (PRE-COVID) SALES OF $13.7 MILLION ($290 PSF) IN 2019, equating to an advantageous occupancy cost well under 3%
- EXCELLENT OPPORTUNITY FOR THE NEXT ITERATION OF OWNERSHIP TO EXTEND FOOD LION FOR 10 YEARS, creating a long-term, grocery-anchored asset
- STRATEGICALLY-POSITIONED AT THE CONVERGENCE OF WEST MARKET STREET AND SPRING GARDEN STREET; primary east/west corridors
- VALUABLE OPPORTUNITY TO CONTINUE TO GROW THE NOI AT THE CENTER through the lease-up of 17,167± SF – over 11% of the overall GLA
- OWNERSHIP HAS RECENTLY INVESTED ROUGHLY $530,000 IN CAPEX, including updating & painting the façade, installation of LED lighting, parking lot & more
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
West Market Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
152030
STORIES
1
YEAR BUILT
1963
SPRINKLERS
-
PARKING SPACES
607
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
0041869
