Landmark Station

CONTACT US REGARDING THIS LISTING

Patrick Hammond

Senior Advisor

Abraham Leon

Senior Advisor

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PROPERTY ADDRESS

1309-1317 Bridford Pkwy., Greensboro, NC 27407

PROPERTY INFORMATION

Price:
$11,123,490
Cap Rate:
7.50%
Term Remaining:
Varies by Tenant Years
Year Built:
1994
Status:
Available

INVESTMENT HIGHLIGHTS

  • Main 3 Anchors Hobby Lobby, Dollar Tree, and K&G Fashion Superstore comprise 91% of the Gross Leasable Area
  • Hobby Lobby recently exercised a second 5 year extension with increase ($6.50/SF) showing commitment to the location
  • NN+ Leases Guarantee Minimal Landlord Responsibilities | 100% of RE Taxes, Insurance, & CAM are Reimbursed by tenant
  • Favorable Leases allow for Low Reserve requirements, all leases allow exterior paint & parking lot repairs to be reimbursed in CAMS
  • Low Historical Expenses and Low rents allow for tenant retention and rent upside potential
  • Nearby shadowed tenants include Field & Stream and Home Depot. Shared Cross Access/Contiguous Parking with both
  • This Center benefits from being located on a premier retail corridor (with 21,000+ VPD) with many flagship Hotels and other major retailers including Target, Walmart, Home Depot, Field & Stream, Sam’s Club, At Home, Chick-Fil-A, and many more