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