1585 N University Pkw

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1585 N University Pkw

High Point, NC 27262
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

1585 N University Parkway is situated in a primary commercial corridor of High Point, North Carolina. The property is located near the campus of High Point University and is surrounded by a mix of residential neighborhoods and established business centers. Nearby amenities include various chain restaurants, service providers, and grocery retailers. The location offers direct frontage on University Parkway, providing visibility and proximity to major local thoroughfares. It is accessible via regional transit routes and is positioned within a short drive of the I-74 and I-85 corridors. This retail asset is suited for tenants seeking proximity to a diverse demographic of students and local residents. Ideal use cases include quick-service restaurants, specialty retail boutiques, or professional service offices such as insurance and finance agencies. The typical tenant profile includes localized retail businesses or regional franchises that benefit from consistent daily traffic counts. The building's layout and placement are functional for operators requiring high visibility and easy customer ingress and egress within a developed urban retail environment.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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