Historical Retail Sale Listing - Westridge Square

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Westridge Square

3301 Battleground Avenue, Greensboro, NC 27410

N/A

215,193 SF | Retail

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Kohl's Photo Main

Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
215,193 SF
Property Type:
Retail
Property Sub-type:
Community Center
Property Use Type:
Net Lease Investment with
10+ years left on lease
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1984
Lot Size:
20 AC
Parking Ratio:
5.16 / 1,000 SF
Listing ID
15671283
Last Updated
over 1 year ago

Highlights

  • For a Full Package please fill out a CA and Fax or email (336 668 0888)
  • Exceptional Demographics with Average Household Income of $102,292 in 3 miles
  • Strong anchors with Kohls and Harris Teeter
  • Traffic Count of 54,935 at main intersection of Westridge Square
  • 100% occupied

Description

Located in desirable northwest Greensboro, Westridge Square is a 100% leased Community Shopping Center containing 215,193 square feet of rentable space. Westridge Square provides shopping services to a large and affluent population. Approximately 63,000 people reside within 3 miles of Westridge Square with an Average Household Income of $102,292. Kohl' s (87,110 SF) and Harris Teeter (47,452 SF) anchor the center with an additional 47,526 square feet of inline shop space and 8 outparcels. The Westridge Rd and Battleground Ave. (US 220) intersection has a 24-hour traffic count of 54,935 cars. Additionally,
the city of Greensboro plans to add a new stoplight at the North Entrance of the shopping center making this Community Center more convenient and adding redevelopment value to the outparcels at this entrance.

The outparcels are occupied by: McDonald' s, Bank of America, Wachovia, BB&T, Mrs. Winner' s Chicken & Biscuits, Firestone, Village Tavern, and Westridge Cleaners. These outparcels offer long-term upside potential for the center' s owner due to rent increases, some of which reset to market every 5 years, and also the potential to replace low income producing outparcels
with higher use tenants as the leases roll over in the next several years. Rite Aid with its 11,606 square feet of space functions as a junior anchor. The remaining shop space is leased to a variety of local and national retailers such as GameStop, Hallmark, SunCom, TCBY, TheLittle Gym, and Weightwatchers.

Map of 3301 Battleground Avenue, Greensboro, NC 27410 (Guilford County)

Research for 3301 Battleground Avenue, Greensboro, NC 27410 (Guilford County)

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