2403 Randleman Rd

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2403 Randleman Rd

Greensboro, NC 27406
Asking Price
$2.38M
Asset Type
Retail
Class
Class B

What's Special

2403 Randleman Road is located in a high-traffic commercial corridor in South Greensboro, positioned approximately two miles from the Interstate 40 and I-85 interchange. This established neighborhood serves as a primary North-South artery, connecting industrial hubs to the downtown district. The immediate area features a mix of automotive services, quick-service dining, and local grocers, benefiting from consistent commuter volume and proximity to several residential communities. Public transit access is available via multiple Greensboro Transit Agency bus stops within walking distance of the site. The property is well-suited for service-oriented retail, small-scale showrooms, or neighborhood convenience centers. Given the local demographics and road visibility, ideal tenants include automotive parts retailers, specialty hardware suppliers, or discount variety stores. The flexible layout accommodates businesses requiring high-exposure signage and frequent customer turnover. This location is particularly advantageous for secondary-market retailers seeking a functional footprint within an active commercial submarket that provides direct access to the Greensboro metropolitan area.

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NOI
$80,000
Cap Rate
3.36%
DSCR
0.57
Underwater
Cash-on-Cash
-8.59%
Monthly Payment
$11,779.889
Annual Cash Flow
$-61,358.667

Location & Travel Times