Sheetz Ground Lease
Closed1639 Spring Garden St, Greensboro, NC 27403
Property type
Retail
Unit / Space count
1
Price
$1,730,000
Building size
6,010 sf
Rentable area
6,010 SF
Year built
2017
Year renovated
Occupancy
Zoning code
Lot size
1.56 Acres
Sold/status
Sold · Date unknown
Sale price
$1730000
Property description
Franklin Street is pleased to present this newly constructed Sheetz in Greensboro, North Carolina. Sheetz has signed a new 15-year NNN lease which will commence in March. The building is currently scheduled to be completed in mid-2017. The building is offered significantly below what Sheetz typically invests in the infrastructure of a new location, which offers an investor a strong intrinsic value. The lease is very landlord friendly as the tenant is responsible for CAM, taxes, insurance, and all property maintenance. The site is strategically placed in a major retail corridor of Greensboro next to the University of North Carolina at Greensboro and the Greensboro Coliseum Complex.