3703 Lawndale Dr - Drug Store FOR SALE


Greensboro, NC 27455- Outer Guilford
$4,656,000 USD
704-697-1900
3703 Lawndale Dr, Greensboro, NC for Sale
$4,656,000 USD
Drug Store - FOR SALE
1/7
null | 6.25% Cap Rate

3703 Lawndale Dr
Greensboro, NC 27455
Outer Guilford


HIGHLIGHTS

  • Densely Populated Area in High Growth Greensboro MSA
  • Attractive Lease Fundamentals
  • Well Positioned Oversized Parcel

OVERVIEW

Attractive Lease Fundamentals - 5% Rental Increases every 5 Years - Twelve (12) five (5) year extensions - Abs. NNN Lease, Zero Landlord Responsibilities - Corporate Lease - Walgreens Co. Densely Populated Area in High Growth Greensboro MSA - 107K people live in a 3-mile radius with high discretionary income (AHHI ~$107K) - Greensboro is the third largest city in North Carolina with 2% annual population growth rate Located in Strong Retail Node - More than 1.2MSF of retail space located in a 1-mile radius - Retailers in the area have an overall vacancy rate of 1.8% - Nearby major retailers include: Walmart Supercenter, Target, Trader Joe’s, Aldi and a top performing Lowes Home Improvement (top 89th percentile - Placer.ai) Nearby Universities & Colleges - 4.5 miles from University of North Carolina Greensboro - 4.2 miles from Greensboro College | 5.5 miles to NCA&T - Over 36k total students and 5,000 total employees from all three universities Well Positioned Oversized Parcel - Subject Site is positioned on two lighted intersections with full access on two roads (Lawndale Dr - 24K VPD & Martinsville Rd) - Fronting three roads (Lawndale Dr, Martinsville Rd, and Pisgah Church Rd - 19K VPD) - Over 1.70 acres providing future redevelopment opportunity New Development in Greensboro, NC - Toyota is building a $13.9 Billion dollar battery plant in Greensboro bringing in over 5,000 jobs - Boom Supersonic is building a super factory in Greensboro which is a $500 million dollar project bringing in over 1,750 Jobs - Honda Aircraft Company is expanding operations and investing $55.7 million dollars into the area adding 280 high skilled jobs

FOR SALE DETAILS

PRICE

$4,656,000 USD

PRICE/SF

$323 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

C-M

APN/PARCEL ID

0055942

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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