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Guitar Center 2221 Vanstory St 10,000 SF Retail Building Greensboro, NC 27403 $4,354,870 CAD ($435.49 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Long operating history | Leased since 2006 with the tenant having exercised two renewal options
- Corporate lease | Guitar Center Stores, Inc. | 305+ locations across 48 U.S. states
- Adjacent to Four Seasons Town Centre Shopping Mall & Koury Convention Center | 900K SF combined of retail and hospitality space
- This location ranks in the 77th percentile in North Carolina via Placer.ai amongst other Guitar Centers
- Great access from I-40 | 117,00 VPD
- Attractive population density within a 5-mile radius | 185,249 residents
Executive Summary
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Guitar Center in Greensboro, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built
2006
Price
$4,354,870 CAD
Price Per SF
$435.49 CAD
Cap Rate
7.50%
NOI
$326,650 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.30 AC
Zoning
Commercial
Parking
74 Spaces (7.4 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0223239 | Improvements Assessment | $930,049 CAD |
| Land Assessment | $669,007 CAD | Total Assessment | $1,599,056 CAD |
Property Taxes
Parcel Number
0223239
Land Assessment
$669,007 CAD
Improvements Assessment
$930,049 CAD
Total Assessment
$1,599,056 CAD
Contacts
-
Carl Brendes -
Ransome Foose -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Guitar Center | 2221 Vanstory St
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