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5409 W Friendly Ave
Greensboro, NC 27410
Friendly Ave · Office Property For Sale · 22,024 SF Total

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INVESTMENT HIGHLIGHTS

  • Freestanding medical office with turnkey interiors
  • Located on a 25,500 VPD corridor near PTI Airport
  • Value-add potential through lease-up and rent resets
  • Three monument signs and dedicated parking across buildings
  • 61% occupancy with personally guaranteed leases
  • Surrounded by retail, residential, and institutional anchors

EXECUTIVE SUMMARY

NAI Piedmont Triad presents a rare opportunity to acquire a strategically located medical and office portfolio totaling 20,784 square feet across three buildings on 3.72 acres in Greensboro, North Carolina. Anchored by a freestanding medical office at 5409 W. Friendly Avenue, the property is fully outfitted with six exam rooms, imaging and lab areas, and a nurse station—ideal for immediate owner-occupant use. The adjacent buildings at 5411 and 5415 W. Friendly Avenue offer multi-tenant configurations with front and rear access, monument signage, and ample parking, supporting both stabilized income and value-add upside. With a current occupancy rate of 61%, investors can capitalize on near-term lease-up potential, rent adjustments, and lease restructuring to drive NOI growth. Located along a high-visibility corridor with 25,500 vehicles per day, the site benefits from proximity to PTI Airport, major highways, and a growing residential and retail base. The area’s economic momentum is underscored by JetZero’s new facility, bringing 14,700 jobs and $4.7 billion in investment to the region. This portfolio offers a compelling blend of immediate usability and long-term upside, making it a strategic acquisition for investors or end-users seeking a foothold in one of North Carolina’s most dynamic submarkets.

PROPERTY FACTS Under Contract

Price / SF $165.72 CAD / SF
Sale Type Investment
Status Under Contract
Number of Properties 3
Individually For Sale 0
Total Building Size 22,024 SF
Total Land Area 6.87 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Quaker West Office Park
5415 W Friendly Ave, Greensboro, NC 27410
Office 10,000 SF 1985 -
Quaker West
5411 W Friendly Ave, Greensboro, NC 27410
Office 8,856 SF 1985 -
5409 W Friendly Ave, Greensboro, NC 27410 Office 3,168 SF 1993 -
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  • Listing ID: 37453698

  • Date on Market: 2025-08-28

  • Last Updated:

  • Address:

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