This property is Off-Market
3301 Battleground Avenue
Greensboro, NC 27410 ·
215,193 SF · Retail For Sale
|Gross Leasable Area||215,193 SF||Tenancy||Multiple|
|Property Type||Retail||Year Built||1984|
|Property Sub-type||Community Center||Lot Size||20 AC|
|Property Use Type||Net Lease Investment with 10+ years left on lease||Parking Ratio||5.16 / 1,000 SF|
|Listing ID: 15671283||Date Created: 04/18/2008||Last Updated: 07/16/2009|
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.
- 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
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