5815 Samet Dr
High Point, NC 27265
Shoppes at Deep River · Retail Property For Sale

Marcus & Millichap is pleased to offer qualified investors the opportunity to acquire the Shoppes at Deep River, located in High Point, North Carolina. Just minutes away from Greensboro, this 100% occupied strip center is shadow anchored by a Food Lion shopping center, features all NNN leases, and has just signed a new 10-year lease with its largest tenant, Lavie Nails and Spa. Located close to the intersection of Eastchester Drive and West Wendover Avenue, which leads directly into Greensboro' s downtown, the subject property is surrounded by prominent retailers on all sides. McDonald' s, Starbucks, Harris Teeter, Wal-Mart Neighborhood Market, and many other popular retailers can be found nearby. The subject property' s tenants include Jackson Hewitt, one of the largest tax preparation service companies in the United States, and Firehouse Subs, a sandwich chain widely recognized as a leader in the fast casual restaurant industry. The Shoppes at Deep River is also surrounded by excellent demographics. Within a three-mile radius, the population is over 40,000 people and has an average household income of over $86,000. A high volume of major employers for the Triad region also supports this residential area. Just north of the property, over 170 companies can be found, including Volvo, Bank of America, Ralph Lauren, and many more, with an estimated 11,000 employees working in the area. The Shoppes at Deep River represents an excellent opportunity to acquire a multi-tenant strip center with NNN leases in an area surrounded by national retailers, excellent demographics, and a large employment base. We are pleased to offer this exclusive listing at a price of $3,033,000 a 7.25% cap rate.