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4405 Wendover Ave 9,227 SF 100% Leased Retail Building Greensboro, NC 27407 $8,750,000 ($948.30/SF) 6.95% Cap Rate
Investment Highlights
- The property is 100% occupied by two national, credit-rated tenants — Jared The Galleria of Jewelry and AT&T Mobility.
- Strategic Retail Corridor Location.
- Positioned along Wendover Avenue, one of Greensboro’s most heavily trafficked and established retail corridors.
- Fully Stabilized NNN Property.
Executive Summary
Ground Matrix, Inc. is pleased to present the opportunity to acquire the fee simple interest in a high-quality retail asset located at 4405 Wendover Avenue in Greensboro, North Carolina. The Property consists of a 9,227-square-foot retail building situated on 0.68 acres within one of Greensboro’s most active and established retail corridors. The asset is 100% occupied by two nationally recognized tenants — AT&T Mobility (New Cingular Wireless PCS, LLC) and Jared The Galleria of Jewelry (Sterling, Inc.) — both operating under corporate-backed NNN leases. These leases provide full reimbursement of all operating expenses, including a 10% management fee, resulting in a true passive income structure for ownership. The Property features a weighted average remaining lease term of approximately years, with 10% rent escalations every five years, extending through multiple renewal options. This offering represents an exceptional opportunity for investors seeking long-term stability, predictable cash flow, and credit tenancy in a prime Greensboro trade area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,227 SF
Building Class
B
Year Built/Renovated
1993/2009
Price
$8,750,000
Price Per SF
$948.30
Cap Rate
6.95%
NOI
$607,917
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.68 AC
Zoning
CSC
Parking
40 Spaces (4.34 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 0074418 | Improvements Assessment | $1,492,800 |
| Land Assessment | $1,581,200 | Total Assessment | $3,074,000 |
Property Taxes
Parcel Number
0074418
Land Assessment
$1,581,200
Improvements Assessment
$1,492,800
Total Assessment
$3,074,000
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4405 Wendover Ave
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