Property profile

3110 Kathleen Ave Greensboro, NC 27408

OFF-MARKET
Retail properties & Spaces
1,367,802 SF Built 1957
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Property summary

AI-generated overview

Friendly Center offers a unique investment opportunity in Greensboro, North Carolina. This expansive 1,367,802 square foot property, originally built in 1957 and extensively renovated in 2013, boasts a diverse range of spaces suitable for retail, restaurant, and various office configurations including executive, coworking, medical, creative, and traditional office uses. The property is situated on a substantial 126-acre lot, strategically located in the heart of Greensboro and surrounded on three sides by residential areas, ensuring high visibility and accessibility. Its prime location is adjacent to a top-tier Class A office submarket, providing excellent synergy and potential for cross-market clientele. The center currently features a number of exclusive retail tenants, including Apple, Pottery Barn, and Williams-Sonoma, establishing a strong anchor tenant base and attracting a high volume of foot traffic. With ample parking accommodating 5264 vehicles, the property offers unparalleled convenience for both tenants and customers. Currently, one retail space of 3,283 square feet is immediately available, presenting a compelling opportunity for businesses seeking a prominent location within a thriving commercial center in Guilford County, NC, zip code 27408. The property's size and diverse tenant mix create a robust and stable investment opportunity.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1957
Total area 1,367,802 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Courier Service Postal Service
  • Real Estate Agency
  • Atm
  • Health Counselor
  • Corporate Office

Location

3110 Kathleen Ave Greensboro, NC 27408
Greensboro metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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