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Trophy Retail Property Greensboro NC
Sleepy's 15 Year Lease
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Investment Highlights
- New 15 Year Lease
- New HVAC & Roof
- 55k Cars Per Day
- 10% Increase Each 5 Years
- 1/3 Mile from I-40
- Corporate Guaranteed
- Rent Commencement Oct 2015
- NC Busiest Retail Corridor
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Marcus & Millichap is please to present an exlusive offering of a trophy retail property. Priced at $3,850,000. Offering is a Sleepy's net leased property with a new 15 year initial term with corporate guarantee. Rent commences October 15, 2015 with 10% escalation every 5 years, and two 5 year options. Property consists of 1.49 acres and 5,982 square foot building, recently renovated with new interior, HVAC and roof. This is a double net lease with tenant responsible for taxes, insurance, repairs, maintenance including full HVAC responsibility. Landlord responsible for roof and structure.
The property is located on West Wendover Avenue, Greensboro, NC. The property is on one of the busiest retail corridors in North Carolina. This is a high demand site sought after by major national brands and developers.
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