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Ground-Lease Retail Site with Building
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2300 N Main St, High Point, NC 27262

Ground lease opportunity with an existing retail building on a major intersection with reported 27,000 VPD traffic.

Lot Size0.63 Acres
Days on Market2208

Property Features for 2300 N Main St

General Information

Standard status Active
Lot size 0.63 Acres
Property subtype LAND
Listing Agency: NAI Piedmont Triad
Listed By: Robbie Perkins, SIOR, CCIM
Source: Moodyscre
Added: Jul 14, 2020 Changed: Jul 28 Last Checked: Jul 30 at 10:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Piedmont Triad

Investment Insights

Based on property information with market context.

This ground-lease retail site includes an existing building and is offered on a ground lease only basis. The property comprises 0.638 acres.

The site is located at the intersection of N. Main St. (Hwy 311) and E. Parris Ave. Reported 2017 traffic counts include 27,000 vehicles per day on N. Main St. and 24,000 vehicles per day on Eastchester Dr. The surrounding retail corridor is supported by major area retailers including Home Depot, Ross, TJ Maxx, Harris Teeter, PetsMart, Tuesday Morning, and Office Depot.

The asset is positioned for retailers seeking a ground-lease arrangement on a high-traffic frontage at a signalized intersection.

Key Highlights

  • Ground lease only with an existing retail building on 0.638 acres
  • Located at the intersection of N. Main St. (Hwy 311) and E. Parris Ave.
  • Reported 2017 traffic counts: N. Main St. (US Hwy 311) at 27,000 VPD

Property Analytics

Current Use

Compact Power Equipment ... (Bike/Boat/Book/etc) Store AT&T Store Telecommunications Service Garden Center at The Home ... Garden Center Tool & Truck Rental ... Rental Equipment Company Pro Desk at The Home ... Big Box & Wholesale Store

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Parking Lot & Garage Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

760
Businesses Nearby
714k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 33% Shops & Services 19% Apparel 15% Home Improvements & Furnishings 12%
T.J. Maxx Apparel
50,254 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
47,935 visits/mo 0.5 miles
Hobby Lobby Shops & Services
46,472 visits/mo 0.4 miles
Publix Groceries
44,687 visits/mo 0.4 miles
Harris Teeter Groceries
40,843 visits/mo 0.2 miles

Demographics for 27262, NC

25,253
Population
10,246
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,913
Density / Sq Mi
$64,395
Median Household Income
$34,113
Median Earnings
$1,054
Median Rent
$212,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Ground lease opportunity with an existing retail building on a major intersection with reported 27,000 VPD traffic.
Where is this commercial land located?
The property is located at 2300 N Main St High Point, NC.
What are key features of this property?
This property features: Ground lease only with an existing retail building on 0.638 acres; Located at the intersection of N. Main St. (Hwy 311) and E. Parris Ave.; Reported 2017 traffic counts: N. Main St. (US Hwy 311) at 27,000 VPD
(336) 337-0059 Call to check price and availability
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