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

Located at 1585 North University Parkway in High Point, North Carolina, this retail property sits within a high-traffic commercial corridor. The neighborhood is characterized by a blend of established residential areas and active business hubs. It is situated in close proximity to High Point University and several major department stores, offering high visibility for passing commuters. The site provides direct access to University Parkway, a primary north-south artery that connects the property to Interstate 74 and the greater Piedmont Triad region. Public transit stops are located nearby, ensuring accessibility for a diverse customer base. The building is suited for a variety of retail use cases, including boutique shops, service-oriented businesses, or specialty showrooms. Given its proximity to the university campus, the location is well-positioned for tenants targeting a demographic of students, faculty, and local professionals. Typical tenant profiles for this asset include quick-service food vendors, convenience retailers, or health and wellness providers. The flexible interior layout allows for diverse merchandising strategies or client-facing operations. Outdoor parking facilities on-site accommodate both staff and customer vehicles.

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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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