515 Guilford College Rd

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515 Guilford College Rd

Greensboro, NC 27409
Asking Price
$3.20M
Asset Type
Retail
Class
Class B

What's Special

515 Guilford College Road is situated in a high-traffic retail corridor in western Greensboro, North Carolina. The property is located near the intersection of West Market Street, providing direct proximity to the dynamic Friendly Center area and the Guilford College campus. The surrounding neighborhood is characterized by a mix of established residential communities and dense commercial development. Access to the site is supported by multiple ingress points along major local arteries, and the location is less than three miles from Interstate 40, facilitating regional connectivity to the Piedmont Triad International Airport and downtown. The asset is well-suited for a variety of general retail uses, including specialty boutiques, service-oriented storefronts, or franchise operations. Given the high daily traffic counts and the nearby student and faculty population, the location is ideal for quick-service restaurants or convenience retail. Typical tenants for this submarket include nationally recognized brands and local service providers seeking visibility in a mature trade area. The site’s positioning offers consistent exposure to a diverse demographic consisting of suburban commuters, university affiliates, and local residents.

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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248

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