Below Replacement Cost Pricing: The asking price of $269.19 PSF is well below estimated replacement cost, offering investors long-term value and downside protection.
Attractive Rent Profile with Built-In Growth: Tenants pay an average base rent of $19.40 PSF, with scheduled 3% annual rent escalations through initial terms and renewals, providing stable income today and attractive growth.
Favorable Tenant Mix: Two of three tenants have occupied the center since 2004, and Eagle Physicians has expanded twice since 2022 to now occupy over 60% of the center. Eagle Physicians has over 30 years of operational history with 14 market locations.
Strong Demographics: With a 5 mile population density of ±158,000 people and an average household income of $101,900, this property is ideally situated for excellent customer/patient exposure through its proximity to a large and affluent population base.
Prime Traffic Corridor: W Friendly Avenue (23,500 VPD) offers excellent visibility and is lined with an abundance of high-performing national retailers such as Harris Teeter, Walmart, Chick-fil-A, Starbucks, and Chipotle.
Strong Market Fundamentals: Greensboro, with its ideal location and vibrant business atmosphere, ranked #1 in the 2025 “Best North Carolina Cities for Small Business” by B2B Reviews, reflecting a healthy business climate and long-term growth potential.