This Retail Property is Off-Market.

3521 North Elm Street
Greensboro, NC 27405 ·

5,072 SF · Retail For Sale

N/A

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Ground Lease to SunTrust Bank

Price N/A Occupancy 100%
Building Size 5,072 SF Tenancy Single
Property Type Retail Property on Ground Lease? Yes
Property Sub-type Free Standing Bldg Year Built 2007
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.52 AC
Cap Rate 5.75%
Listing ID: 17844764 Date Created: 09/24/2012 Last Updated: 04/12/2013

Description

The bank is located in a higher-end part of Greensboro and is situated on North Elm Street the main street of downtown Greensboro, and a major north-south artery of the city. Mt. Pisgah Road is a major east-west thoroughfare that runs through northern Greensboro, so you have exposure to two important, high traffic roads.

The site is surrounded by Walgreens, McDonald' s, First Citizens Bank, Chick-fil-A, Wells Fargo, and most importantly the Village at North Elm. The Village is a Class A' , 35 acre, Main Street lifestyle center consisting of 175,000 square feet of retail, 48,000 square feet of office, and 190 luxury apartments. The retail portion includes a Harris Teeter anchored shopping center.

Highlights

  • Located off North Elm Street and Mt. Pisgah Road in Greensboro, a very high profile intersection.
  • 10% increases every 5 years in the Primary Term and the Options.
  • Across from the Village at North Elm, a Class A, 35 acre master planned development consisting of retail, office and multi-family.
  • Harris Teeter is directly across the street from the site, and Walgreens is immediately adjacent.
  • Larger than typical site and building size.

Research

3521 North Elm Street, Greensboro, NC 27405 (Guilford County)

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