7611 Thorndike RdGreensboro, NC 27409

Property Details for 7611 Thorndike Rd

Year built

2002

Construction

FRAME

Lot size

1.40 AC

Property size (Sq ft)

6,064 SF

Zone code

CU-HB

Property type

Other commercial real estate

APN

98400

APU

98400

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $761,503

  Hospitality

  $697,533

  Educational

  $580,339

  Medical

  $600,298

  Retail

  $902,750

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.076

Longitude

-79.9598

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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