This Retail Property is Off-Market.

1620 New Garden Rd
Greensboro, NC 27410 ·

5,941 SF · Retail For Sale

N/A

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Sheetz Ground Lease

Price N/A Cap Rate 6.15%
Building Size 5,941 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Service/Gas Station Lot Size 2.08 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 17619733 Date Created: 04/16/2012 Last Updated: 08/28/2012

Description

Sheetz signed a new 15 year NNN corporately guaranteed ground lease that will commenced in October 2011. The lease offers a landlord-friendly rental increase of 10% in lease year eleven, as well as four five-year options to renew with rental increases. Under the lease, the tenant is responsible for payment of all taxes, insurance, and maintenance of the property, including the roof and structure.

Franklin Street Real Estate Services is pleased to present this freestanding Sheetz store located in Greensboro, NC. Greensboro is the third largest city in North Carolina and is located in the Piedmont Triad. The property is strategically positioned at New Garden Rd and Jefferson Road and also has excellent visibility from Joseph M Bryan Boulevard. The site is located in front of Garden Creek, a 90,000+ SF Harris Teeter anchored center with Carrabba's, Community One Bank, and Zaxby's outparcels. Other national retailers in the area include Target, Home Depot, Office Depot, Fresh Market, Lowes Foods, Michael's, Bed Bath & Beyond, and Books a Million.

Research

1620 New Garden Rd, Greensboro, NC 27410 (Guilford County)

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