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Ground Lease to SunTrust Bank
3521 North Elm Street, Greensboro, NC 27405
5,072 SF | Retail
Retail Property - Off Market
- Building Size:
- 5,072 SF
- Property Type:
- Property Sub-type:
- Free Standing Bldg
- Property Use Type:
- Net Lease Investment with
- 10+ years left on lease
- Cap Rate:
- Property on Ground Lease?:
- Year Built:
- Lot Size:
- 1.52 AC
- Listing ID
- Last Updated
- 338 days ago
- 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.
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)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P