Historical Retail Sale Listing - Ground Lease to SunTrust Bank

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Ground Lease to SunTrust Bank

3521 North Elm Street, Greensboro, NC 27405

N/A

5,072 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
5,072 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
5.75%
Occupancy:
100%
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
2007
Lot Size:
1.52 AC
Listing ID
17844764
Last Updated
over 1 year ago

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.

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.

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

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

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