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612 College Rd

3,965 SF Retail Building Greensboro, NC 27410 $2,381,000 ($601/SF) 5.25% Cap Rate

Investment Highlights

  • New 15-Year Lease | Scheduled Rental Increases | Strong Operator | Well-Known & Established Brand
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
  • Located Along College Road | Centralized Location | Drive-Thru Equipped | 2024 Renovation | Excellent Visibility
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Adjacent to Top-Performing Walmart Neighborhood Market | Strong Tenant Presence | Direct Access to Surrounding Schools

Executive Summary

The tenant recently signed a brand new 15 year lease with 3 (5-year) option periods to extend, demonstrating their long term committment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,965 SF
Building Class
B
Year Built/Renovated
1970/2024
Price
$2,381,000
Price Per SF
$601
Cap Rate
5.25%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.93 AC
Zoning
C-M - Commercial-medium
Parking
34 Spaces (9.66 Spaces per 1,000 SF Leased)
Frontage
116 FT on College Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Dunkin’, founded in 1950, is the largest coffee and donuts brand in the United States, with many restaurants in many global markets. Dunkin’ is part of the Inspire Brands family of restaurants. With America’s favorite coffee, innovative beverage strategies, and mouth-watering snacks, Dunkin’ has become the brand everyone knows nationally and loves locally.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

Nearby Major Retailers

Truist
Walmart Neighborhood Market
Bank of America
Starbucks
Boston Market
Harris Teeter
Apple Spice
United Rentals-equipment & Tool Rentals

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0055554
Land Assessment
$441,200
Improvements Assessment
$402,300
Total Assessment
$843,500
  • Listing ID: 33702813

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 612 College Rd, Greensboro, NC 27410

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