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Freestanding Restaurant in Shopping Center
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2036 Rankin Mill Rd, Greensboro, NC 27405

Freestanding restaurant space coming available within a Hicone Shopping Center anchored by Food Lion and CVS.

Space Size4,557 SF
Days on Market565

Property Features for 2036 Rankin Mill Rd

General Information

Standard status Active
Size 4,557 SF
Net Rentable 4,557 SF
Property subtype RETAIL

Space & Availability

Available Space 4,557 SF
Contiguous Space 4,557 SF
Space Use Restaurant

Additional Details

Anchor Co-Tenants Food Lion, CVS

Building Details

Building Size 4,557 SF
Listing Agency: New South Properties of the Carolinas
Listed By: Chris Vasbinder, CCIM · License #351666
Source: Moodyscre
Added: Jan 16, 2025 Changed: Jul 30 Last Checked: Aug 4 at 4:17AM

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 New South Properties of the Carolinas

Investment Insights

Based on property information with market context.

Approximately 4,557 SF freestanding restaurant space is coming available in Hicone Shopping Center. The center is anchored by Food Lion and CVS, and it includes a tenant mix where nine of 17 tenants have been operating for more than 10 years.

Hicone Shopping Center is anchored by Food Lion and CVS. Food Lion has been operating at the center for 32 years, and CVS has been operating at the center for 22 years.

For regional connectivity, the Greensboro Urban Loop (future I-840) is planned as a 44-mile bypass intended to provide a more direct route for traffic coming from south and east of the city and traveling to points north and west of the city. The property is approximately 7 miles from Downtown Greensboro.

Key Highlights

  • ±4,557 SF freestanding restaurant space coming available
  • Located in Hicone Shopping Center anchored by Food Lion and CVS
  • Food Lion operating at the center for 32 years

Property Analytics

Current Use

Karondas Bar & Pub

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Dental Office Restaurant Hair Salon Auto Parts Store

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

17
Businesses Nearby
Well-served
Demand for This Use

Demographics for 27405, NC

51,506
Population
21,762
Households
2.4
Avg Household Size
34
Median Age
23%
College-Educated
84%
High-School Grad
31.4 sq mi
ZIP Area
1,640
Density / Sq Mi
$46,498
Median Household Income
$31,677
Median Earnings
$1,002
Median Rent
$150,600
Median Home Value

Market

Vacancy Rate% for Retail in Greensboro, NC

6% 2020
6.5% 2021
4.6% 2022
4.7% 2023
4.6% 2024
4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Freestanding restaurant space coming available within a Hicone Shopping Center anchored by Food Lion and CVS.
Where is this conventional restaurant located?
The property is located at 2036 Rankin Mill Rd Greensboro, NC.
What are key features of this property?
This property features: ±4,557 SF freestanding restaurant space coming available; Located in Hicone Shopping Center anchored by Food Lion and CVS; Food Lion operating at the center for 32 years
(704) 927-2881 Call to check price and availability
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