612 College RdGreensboro, NC 27410

Property Details for 612 College Rd

Year built

1970

Construction

FRAME

Lot size

0.93 AC

Property size (Sq ft)

3,520 SF

Zone code

C-M

Property type

Other commercial real estate

APN

55554

APU

55554

Description

This exceptional investment opportunity presents a fee-simple ownership of a 3,520-square-foot Dunkin' location in Greensboro, North Carolina. The property boasts a new 15-year absolute NNN lease commencing October 7, 2024, and expiring October 7, 2039, with three 5-year renewal options. The lease includes a 10% rental increase every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its 5.25% cap rate and a current NOI of $125,000. Situated on a 0.93-acre lot at 612 College Rd, Greensboro, NC 27410 (APN 55554), this single-story, 1970-built building underwent renovations in 2024. The property benefits from a high-traffic location on College Road, averaging 17,000 vehicles daily, and is surrounded by strong demographics and complementary businesses. Nearby amenities include major retailers like Walmart, Harris Teeter, and Chick-fil-A, along with numerous residential complexes providing a substantial customer base. The trade area boasts over 167,100 residents and 118,400 employees, with average household incomes exceeding $74,000 within one mile, $92,779 within three miles, and $96,356 within five miles. The property is zoned C-M and offers a secure, passive income stream with minimal landlord responsibilities. The asking price is $2,381,000.

• Alternative Use

  Use

  Valuation

  Residential

  $442,034

  Hospitality

  $404,900

  Educational

  $336,872

  Medical

  $348,458

  Retail

  $524,024

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.0875

Longitude

-79.888

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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