2902 Gate City Blvd Greensboro, NC 27403
- Retail properties
- 1,920 SF
Current Use by Public Records
- Retail properties
Property Details for 2902 Gate City Blvd
- Property size
- 1,920 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This 1,920 square foot storefront, located at 2902 W Gate City Blvd in Greensboro, North Carolina (27403), presents a compelling investment opportunity. Currently operating under a single-tenant, net lease agreement (NN) with a remaining lease term of approximately 0.9 years (expiring October 31, 2025), the property boasts 100% occupancy and a strong net operating income (NOI) of $22,000, translating to an attractive 8.00% capitalization rate. The asking price is $275,000, resulting in a price per square foot of $143.23. This cash-flowing investment property enjoys a highly visible location on West Gate City Boulevard, offering convenient access to major thoroughfares and significant retail destinations. The property benefits from proximity to the Greensboro Coliseum, Four Seasons Town Centre, and Interstate 40, ensuring high traffic volume and strong consumer presence. Nearby businesses include well-established national chains such as Olive Garden, Chili's Grill, Dollar General, and Dollar Tree, as well as several hotels, further enhancing the property's desirability and potential for continued success. This is an exceptional opportunity for investors seeking a stable, high-yield retail investment in a prime Greensboro location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greensboro
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.8343
- Latitude
- 36.0509
