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Family Dollar NNN Retail Property
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4900 Summit Ave, Greensboro, NC 27405

Single-tenant retail asset with corporate lease support and a passive ownership structure.

Property Size8,320 SF
Days on Market143

Property Features for 4900 Summit Ave

General Information

Standard status Active
Size 8,320 SF
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: AiCRE Partners
Listed By: Jason Gribin · License #CA 01819611
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 3:01PM

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 AiCRE Partners

Investment Insights

Based on property information with market context.

This fee-simple NNN property is occupied by a single Family Dollar store measuring 8,320 SF. The retailer has operated at the site since 2016, and the lease is backed by the corporate entity with an S&P rating of BBB. The structure assigns zero landlord responsibilities under the lease.

The property sits at the signalized intersection of Summit Avenue and Pineneedle Dr in Greensboro, NC. The initial lease term has 9 years remaining, followed by 6 options of 5 years each. The surrounding 5-mile trade area includes 99,364 residents and 43,484 daytime employees, with an average household income of $75,808.

Key Highlights

  • 8,320 SF Family Dollar store operating at the property since 2016
  • Single‑tenant lease guaranteed by the corporate entity, rated BBB by S&P
  • NNN lease structure with zero landlord responsibilities

Property Analytics

Current Use

Family Dollar (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Nail Salon Spa & Massage Center

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

69
Businesses Nearby
21k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Shell Shops & Services
12,800 visits/mo 0.4 miles
Family Dollar Shops & Services
5,565 visits/mo 0.1 miles
Quality Mart Shops & Services
2,359 visits/mo 0.4 miles

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?
NNN property - Single-tenant retail asset with corporate lease support and a passive ownership structure.
Where is this nnn property located?
The property is located at 4900 Summit Ave Greensboro, NC.
What are key features of this property?
This property features: 8,320 SF Family Dollar store operating at the property since 2016; Single‑tenant lease guaranteed by the corporate entity, rated BBB by S&P; NNN lease structure with zero landlord responsibilities
More about this property
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