20-Year Absolute NNN Lease

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20-Year Absolute NNN Lease

Greensboro, NC 27409
Asking Price
$36.75M
Asset Type
Retail
Class
Class B

What's Special

Located in Greensboro, North Carolina, this retail property is situated within a high-traffic commercial corridor. The surrounding neighborhood is characterized by a dense mix of established residential communities and major shopping centers, providing a consistent consumer base. Nearby amenities include national big-box retailers, diverse dining options, and local professional services. The site offers efficient transportation access, positioned near major thoroughfares and interstate systems that connect the property to the broader Piedmont Triad region. This asset is secured by a 20-year absolute NNN lease, making it suitable for institutional investors or 1031 exchange buyers seeking long-term passive income. The location is ideal for high-volume retail operators, including quick-service restaurants, automotive services, or convenience stores. The typical tenant profile consists of nationally recognized brands with corporate guarantees, benefiting from the area's excellent visibility, prominent signage opportunities, and high daily vehicle counts.

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NOI
$80,000
Cap Rate
0.22%
DSCR
0.04
Underwater
Cash-on-Cash
-19.06%
Monthly Payment
$181,821.422
Annual Cash Flow
$-2,101,857.067

Location & Travel Times