4117 Brian Jordan Pl
High Point, NC 27265
Palladium Shops · Retail Property For Sale

The asset is located along West Wendover Ave (38,000 VPD) within a large shopping cluster known as “Palladium at Deep River” comprised of over 425,000 square feet of retail, wellness, entertainment, and dining choices. This sizable development helps bring consumer traffic to the immediate area. The asset is comprised entirely of service-oriented tenants, insulating the asset from the threat of e-commerce and creating a durable cash flow stream. 37% of GLA has rent bumps within the analysis period. Additionally, the asset boasts a 10 Year computed NOI annual growth rate of 13.13%. The population within a five-mile radius is 118,088 with an average household income of $77,508. Within three miles, the population of 44,811 people is expected to grow by 5.65% over the next 5 years and currently has an average household income of $91,222. The asset was recently completed in 2019 requiring minimal near-term capital expenditures from investors. All tenants have signed fresh 10-year leases allowing an investor a long-term low risk income stream. The center sits within proximity to Piedmont Corporate Park which features a daytime population of approximately 15,000. High Point University is less than five miles away with 5,200 students enrolled.