ALDI Grocery
For Sale
Contact for pricing
4105 Brian Jordan Place, High Point, NC 27265
Retail asset on a Palladium Shopping Center outparcel with frontage along two heavily traveled corridors.
Property Size24,096 SF
Price / SF$311.25
Days on Market10
Property Features for 4105 Brian Jordan Place
General Information
Standard status
Active
Size
24,096 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$407,222
Additional Details
Highway Access
Yes
Building Details
Year Built
2019
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Palomar Real Estate Group
Listed By:
Ryan McArdle · License #GA 319111
Source:
Crexi
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 5 at 5:37AM
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 Palomar Real Estate Group
Investment Insights
Based on property information with market context.
Built in 2019, this 24,096-square-foot ALDI grocery property occupies an outparcel of the Palladium Shopping Center in High Point. The site is adjacent to Belk and O2 Fitness, providing an established retail setting with direct frontage along W Wendover Avenue and Eastchester Drive, also designated NC-68.
Traffic exposure includes more than 40,000 vehicles per day on W Wendover Avenue and more than 41,000 vehicles per day on Eastchester Drive. A 36-acre development is planned across W Wendover Avenue, with potential components including Publix, restaurants, banks, and a 300-plus-unit apartment building. Oak Hollow Lake is within 2 miles, High Point University is 5 miles away, and Piedmont Triad International Airport is roughly 15 miles from the property. The location also offers access to I-40 and I-85.
Traffic exposure includes more than 40,000 vehicles per day on W Wendover Avenue and more than 41,000 vehicles per day on Eastchester Drive. A 36-acre development is planned across W Wendover Avenue, with potential components including Publix, restaurants, banks, and a 300-plus-unit apartment building. Oak Hollow Lake is within 2 miles, High Point University is 5 miles away, and Piedmont Triad International Airport is roughly 15 miles from the property. The location also offers access to I-40 and I-85.
Key Highlights
- 24,096‑square‑foot grocery property built in 2019
- Outparcel of Palladium Shopping Center adjacent to Belk and O2 Fitness
- Frontage on W Wendover Avenue with 40,000+ VPD
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $462.6k | $19.20 |
| − Vacancy | −$13.9k | −$0.58 |
| EGI | $448.8k | $18.62 |
| − OpEx | −$112.2k | −$4.66 |
| NOI | $336.6k | $13.97 |
24,096 SF · lease $19.20/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.81M
$4.21M – $5.61M
NOI $336,573 @ 7.0% cap · market cap 4.49%
Second Best
Retail
$4.21M
$3.68M – $4.91M
NOI $294,501 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$6.21M
$5.43M – $7.24M
NOI $434,690 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
503k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 14%
Groceries 8%
Apparel 6%
Chick-fil-A
Dining
40,610 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
38,910 visits/mo
0.3 miles
Sheetz
Shops & Services
36,159 visits/mo
0.1 miles
Belk
Apparel
31,219 visits/mo
0.1 miles
Texas Roadhouse
Dining
30,853 visits/mo
0.3 miles
Demographics for 27265, NC
52,530
Population
22,526
Households
2.3
Avg Household Size
41
Median Age
40%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
1,266
Density / Sq Mi
$70,929
Median Household Income
$43,006
Median Earnings
$1,123
Median Rent
$239,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail asset on a Palladium Shopping Center outparcel with frontage along two heavily traveled corridors.
Where is this grocery and convenience store located?
The property is located at 4105 Brian Jordan Place High Point, NC.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 24,096‑square‑foot grocery property built in 2019; Outparcel of Palladium Shopping Center adjacent to Belk and O2 Fitness; Frontage on W Wendover Avenue with 40,000+ VPD
