For Sale
$2,700,000

7611 Thorndike RdGreensboro, NC 27409

High-Visibility Restaurant, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
This Greensboro, NC, Ruby Tuesday restaurant presents a compelling investment opportunity. The 6,634 square foot, fee-simple property boasts a corporate-guaranteed absolute NNN lease with approximately 7 years remaining, offering a secure investment with annual rent increases. Situated on a 1.4-acre lot at a signalized, hard corner intersection, this high-visibility location benefits from strong demographics and proximity to Piedmont Triad International Airport. The property includes 67 parking spaces and features a 7.05% cap rate with a current NOI of $190,500. Built in 2002, the property offers a price per square foot of $406.99 and a land value of $28.72 per square foot. Detailed lease terms are available upon request. This is a 100% occupied, single-tenant property.

Highlights

  • $2,700,000 asking price for a 6,634 SF Ruby Tuesday restaurant in Greensboro, NC.
  • Absolute NNN lease with a corporate guarantee.
  • Approximately 6.9 years remaining on the lease.
  • High-visibility location at a signalized, hard corner intersection.
  • Excellent demographics and proximity to Piedmont Triad International Airport.

Property Details for 7611 Thorndike Rd

Property type
Retail properties, Restaurants
Square Feet
6,634 SF
Year Built
2002
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.075790824714
Longitude
-79.959606278873
7611 Thorndike Rd, Greensboro, North Carolina

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7611 Thorndike Rd
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