4610-4628 W Market St | Greensboro, NC 27407
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
4610-4628 W Market St
Greensboro, NC 27407
Price Place · Retail Property For Sale
Investment Highlights
- ATTRACTIVE PROPERTY FUNDAMENTALS
- BELOW MARKET RENTAL RATES
- STRONG LOCATION
Executive Summary
Furman Capital Advisors, acting on exclusive behalf of the “Owner,” is pleased to offer the following opportunity to purchase
Price Place Shopping Center (or the “Property”), a retail center built in 1980 and located in Greensboro, NC. The asset is currently 100% occupied with a various mix of tenants providing essential products and services to the surrounding area. The asset has a WALT of 2.56 years and provides a promising Value-Add opportunity to increase gross income by converting new leases and renewals to a NNN
structure with market rents. The W. Market St. retail corridor has seen recent renovation investment in several nearby national QSRs
and shopping centers. This asset was developed by the current owner and has been maintained/leased by the same property
manager for 44 years.
Price Place Shopping Center (or the “Property”), a retail center built in 1980 and located in Greensboro, NC. The asset is currently 100% occupied with a various mix of tenants providing essential products and services to the surrounding area. The asset has a WALT of 2.56 years and provides a promising Value-Add opportunity to increase gross income by converting new leases and renewals to a NNN
structure with market rents. The W. Market St. retail corridor has seen recent renovation investment in several nearby national QSRs
and shopping centers. This asset was developed by the current owner and has been maintained/leased by the same property
manager for 44 years.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
75,515 SF
Building Class
C
Year Built
1980
Price
$7,250,000
Price Per SF
$96
Cap Rate
7.19%
NOI
$521,254
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.28
Lot Size
6.13 AC
Zoning
SC - Shopping Center
Parking
380 Spaces (5.03 Spaces per 1,000 SF Leased)
Frontage
844 FT on W Market St
Amenities
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 0041735 | Improvements Assessment | $1,988,000 |
| Land Assessment | $2,967,400 | Total Assessment | $4,955,400 |
PROPERTY TAXES
Parcel Number
0041735
Land Assessment
$2,967,400
Improvements Assessment
$1,988,000
Total Assessment
$4,955,400
Learn More About Investing in Retail Properties
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
