2416 Randleman Rd - Drug Store FOR SALE


Greensboro, NC 27406- Outer Pleasant Garden
$2,065,000 USD
980-498-3293
2416 Randleman Rd, Greensboro, NC for Sale
$2,065,000 USD
Drug Store - FOR SALE
1/5
null | 6.1% Cap Rate

2416 Randleman Rd
Greensboro, NC 27406
Outer Pleasant Garden


HIGHLIGHTS

  • Nearby Universities and Colleges
  • Attractive Lease Fundamentals
  • Densely Populated Area in High Growth Greensboro

OVERVIEW

DENSELY POPULATED AREA IN HIGH GROWTH GREENSBORO - 161K people live in a 5-mile radius - Greensboro is the third largest city in North Carolina - 2% population growth rate in the city of Greensboro, NC ATTRACTIVE LEASE FUNDAMENTALS - 5% Rental Increases in each renewal option - Abs. NNN Lease, Zero Landlord Responsibilities - Corporate Lease - Walgreens Co LOCATED IN PRIME RETAIL NODE - Over 900K SF of retail space in a one mile radius - Over 4.3M SF of industrial space in a one mile radius - Over 1150 Units of multifamily in a one mile radius with over 650 Hotel rooms in a one mile radius NEW CONSTRUCTION - Newly constructed, build-to-suit, small format Walgreens pharmacy with a drive through NEARBY UNIVERSITIES AND COLLEGES - 5 Minutes from University of North Carolina Greensboro - 7 Minutes from Greensboro College - 8 Minutes to NCA&T - Over 36k total students and 5,000 total employees from all three universities EASILY ACCESSIBLE - Fronting Randleman Road with over 21,500 VPD - Left turn lane headed north on Randleman Road and easy right off Randleman headed south - Located just off of I-40 which has a VPD of over 136,000

FOR SALE DETAILS

PRICE

$2,065,000 USD

PRICE/SF

$825 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

C-M

APN/PARCEL ID

0029742

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.