Little Caesars Freestanding
For Sale
Contact for pricing
3016 W Gate City Blvd, Greensboro, NC 27403
Absolute NNN lease with franchisee guarantee and no landlord responsibilities supports passive ownership.
Property SizeContact for details
Days on Market144
Property Features for 3016 W Gate City Blvd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
46,000 vehicles/day
Road Access
Yes
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 9:56PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding Little Caesars restaurant includes the land and building and is subject to an absolute NNN lease guaranteed by the franchisee. The tenant recently executed a new 25-year lease with four 5-year extension options. Contractual rent increases are set at 1.50% annually beginning in year 6 and continue through the initial term and option periods.
The property occupies a highly visible position near the signalized intersection of W. Gate City Boulevard and W. Meadowview Road in Greensboro. Combined traffic at the intersection averages 46,000 vehicles per day, while multiple access points and substantial frontage along W. Gate City Boulevard support site exposure. The restaurant is also positioned as an outparcel to a shopping center anchored by Burlington and Dollar Tree, with additional national and credit tenants nearby, including Chili’s, Olive Garden, Dillard’s, H&M, Walmart Neighborhood Center, Ashley Furniture, Total Wine, Mattress Firm, Food Lion, CVS Pharmacy, Conn’s, and Roses.
The surrounding 5-mile trade area includes more than 194,000 residents and 137,000 employees, with an average household income of $77,228.
The property occupies a highly visible position near the signalized intersection of W. Gate City Boulevard and W. Meadowview Road in Greensboro. Combined traffic at the intersection averages 46,000 vehicles per day, while multiple access points and substantial frontage along W. Gate City Boulevard support site exposure. The restaurant is also positioned as an outparcel to a shopping center anchored by Burlington and Dollar Tree, with additional national and credit tenants nearby, including Chili’s, Olive Garden, Dillard’s, H&M, Walmart Neighborhood Center, Ashley Furniture, Total Wine, Mattress Firm, Food Lion, CVS Pharmacy, Conn’s, and Roses.
The surrounding 5-mile trade area includes more than 194,000 residents and 137,000 employees, with an average household income of $77,228.
Key Highlights
- Freestanding Little Caesars restaurant with land and building ownership
- Absolute NNN lease with franchisee guarantee and zero landlord responsibilities
- New 25‑year lease with four 5‑year extension options
Property Analytics
Property Profile
Current Use
Lease Details
46,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
96k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
Sheetz
Shops & Services
34,873 visits/mo
0.3 miles
Wendy's
Dining
16,424 visits/mo
0.4 miles
Circle K
Shops & Services
12,846 visits/mo
0.4 miles
SONIC Drive In
Dining
11,734 visits/mo
0.2 miles
Burger King
Dining
7,871 visits/mo
0.4 miles
Demographics for 27403, NC
23,679
Population
8,671
Households
2.7
Avg Household Size
28
Median Age
48%
College-Educated
88%
High-School Grad
5.8 sq mi
ZIP Area
4,083
Density / Sq Mi
$56,722
Median Household Income
$24,843
Median Earnings
$998
Median Rent
$218,600
Median Home Value
Market
Vacancy Rate% for Retail in Greensboro, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Absolute NNN lease with franchisee guarantee and no landlord responsibilities supports passive ownership.
Where is this conventional restaurant located?
The property is located at 3016 W Gate City Blvd Greensboro, NC.
What are key features of this property?
This property features: Freestanding Little Caesars restaurant with land and building ownership; Absolute NNN lease with franchisee guarantee and zero landlord responsibilities; New 25‑year lease with four 5‑year extension options
