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4636 W Market St
Greensboro, NC 27407
Retail Property For Sale


Executive Summary
This offering represents a great redevelopment or value-add opportunity, as Truist has vacated the location, with approximately seven months remaining on the absolute triple-net lease. The property features a 2,284-square-foot free-standing building equipped with multiple drive-thru lanes, situated on a highly visible 0.84-acre parcel along one of Greensboro’s most heavily trafficked corridors.
Strategically located near a signalized intersection, the property benefits from excellent exposure with traffic counts exceeding 47,949 vehicles per day at the intersection. It is directly adjacent to a high-performing 7-Eleven, ranked in the top 15 percent nationwide by Placer.ai, and is surrounded by a strong mix of national retailers including McDonald’s, Zaxby’s, Advance Auto Parts, Sheetz, Food Lion, Walgreens, Wendy’s, Taco Bell, and O’Reilly Auto Parts. Additionally, the property offers convenient access to key highway systems, bolstering its long-term accessibility and appeal.
Greensboro, the third-most populous city in North Carolina, is home to 295,160 residents and serves as the headquarters for a diverse mix of international and national companies, including Honda Aircraft Company, VF Corporation, Volvo Trucks North America, RF Micro Devices, the International Textile Group, NewBridge Bank, Cook Out, Biscuitville, and Gilbarco Veeder-Root. The region is experiencing substantial economic growth, fueled by major investments such as Toyota’s $1.29 billion battery manufacturing plant at the GreensboroRandolph Megasite and Boom Supersonic’s $500 million investment in a new manufacturing facility at Piedmont Triad International Airport.
Greensboro is also a prominent educational hub, hosting several four-year colleges and universities, most notably the University of North Carolina at Greensboro, North Carolina A&T State University, Guilford College, and Guilford Technical Community College. Nearby, High Point University has been ranked the #1 Best Regional College in the South by U.S. News & World Report. Additionally, Greensboro is the headquarters for the ACC and home to the Greensboro Coliseum, a premier sporting and entertainment venue.
With its strategic location, strong surrounding demographics, and multiple potential exit strategies, this offering presents a compelling opportunity for investors, developers, and owner-users alike.
Strategically located near a signalized intersection, the property benefits from excellent exposure with traffic counts exceeding 47,949 vehicles per day at the intersection. It is directly adjacent to a high-performing 7-Eleven, ranked in the top 15 percent nationwide by Placer.ai, and is surrounded by a strong mix of national retailers including McDonald’s, Zaxby’s, Advance Auto Parts, Sheetz, Food Lion, Walgreens, Wendy’s, Taco Bell, and O’Reilly Auto Parts. Additionally, the property offers convenient access to key highway systems, bolstering its long-term accessibility and appeal.
Greensboro, the third-most populous city in North Carolina, is home to 295,160 residents and serves as the headquarters for a diverse mix of international and national companies, including Honda Aircraft Company, VF Corporation, Volvo Trucks North America, RF Micro Devices, the International Textile Group, NewBridge Bank, Cook Out, Biscuitville, and Gilbarco Veeder-Root. The region is experiencing substantial economic growth, fueled by major investments such as Toyota’s $1.29 billion battery manufacturing plant at the GreensboroRandolph Megasite and Boom Supersonic’s $500 million investment in a new manufacturing facility at Piedmont Triad International Airport.
Greensboro is also a prominent educational hub, hosting several four-year colleges and universities, most notably the University of North Carolina at Greensboro, North Carolina A&T State University, Guilford College, and Guilford Technical Community College. Nearby, High Point University has been ranked the #1 Best Regional College in the South by U.S. News & World Report. Additionally, Greensboro is the headquarters for the ACC and home to the Greensboro Coliseum, a premier sporting and entertainment venue.
With its strategic location, strong surrounding demographics, and multiple potential exit strategies, this offering presents a compelling opportunity for investors, developers, and owner-users alike.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
2,284 SF
Building Class
B
Year Built
1996
Price
$2,050,000
Price Per SF
$897.55
Cap Rate
8.55%
NOI
$175,275
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.83 AC
Zoning
CH - CH - Commercial High Density
Parking
30 Spaces (12.93 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 0041737 | Improvements Assessment | $847,800 |
| Land Assessment | $650,800 | Total Assessment | $1,498,600 |
Property Taxes
Parcel Number
0041737
Land Assessment
$650,800
Improvements Assessment
$847,800
Total Assessment
$1,498,600
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