Historical Retail Sale Listing - Sheetz Ground Lease

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Sheetz Ground Lease

1620 New Garden Rd, Greensboro, NC 27410

N/A

5,941 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
5,941 SF
Property Type:
Retail
Property Sub-type:
Service/Gas Station
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
6.15%
Occupancy:
100%
Tenancy:
Single
Lot Size:
2.08 AC
Listing ID
17619733
Last Updated
over 1 year ago

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.

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

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