Dark Truist Bank - Greensboro, NC
Retail | 8.55% CAP | 2,284 SqFt
Marketing description
The Issenberg Britti Group of Surmount is pleased to present for sale this Dark Truist Bank located at 4636 W Market Street in Greensboro, North Carolina, just 10 minutes away from Downtown Greensboro. This offering represents a great redevelopment or value-add opportunity, as Truist has vacated the location, with approximately seven months remaining on the absolute triple-net lease. The property features a 2,284-square-foot free-standing building equipped with multiple drive-thru lanes, situated on a highly visible 0.84-acre parcel along one of Greensboro’s most heavily trafficked corridors.
Strategically located near a signalized intersection, the property benefits from excellent exposure with traffic counts exceeding 47,949 vehicles per day at the intersection. It is directly adjacent to a high-performing 7-Eleven, ranked in the top 15 percent nationwide by Placer.ai, and is surrounded by a strong mix of national retailers including McDonald’s, Zaxby’s, Advance Auto Parts, Sheetz, Food Lion, Walgreens, Wendy’s, Taco Bell, and O’Reilly Auto Parts. Additionally, the property offers convenient access to key highway systems, bolstering its long-term accessibility and appeal.
Greensboro, the third-most populous city in North Carolina, is home to 295,160 residents and serves as the headquarters for a diverse mix of international and national companies, including Honda Aircraft Company, VF Corporation, Volvo Trucks North America, RF Micro Devices, the International Textile Group, NewBridge Bank, Cook Out, Biscuitville, and Gilbarco Veeder-Root. The region is experiencing substantial economic growth, fueled by major investments such as Toyota’s $1.29 billion battery manufacturing plant at the GreensboroRandolph Megasite and Boom Supersonic’s $500 million investment in a new manufacturing facility at Piedmont Triad International Airport.
Greensboro is also a prominent educational hub, hosting several four-year colleges and universities, most notably the University of North Carolina at Greensboro, North Carolina A&T State University, Guilford College, and Guilford Technical Community College. Nearby, High Point University has been ranked the #1 Best Regional College in the South by U.S. News & World Report. Additionally, Greensboro is the headquarters for the ACC and home to the Greensboro Coliseum, a premier sporting and entertainment venue.
With its strategic location, strong surrounding demographics, and multiple potential exit strategies, this offering presents a compelling opportunity for investors, developers, and owner-users alike.
Investment highlights
■ Redevelopment / Value Add Opportunity | Truist No Longer Operating at Location
■ Absolute NNN Lease with ~7 Months Remaining
■ 2,284 SF Free Standing Building with Multiple Drive-Thru Lanes
■ .84-Acre Parcel with Frontage Along W Market Street | Dense & Highly Trafficked Corridor
■ Located Near Signalized Intersection | Traffic Counts Exceed 47,949 at Intersection
■ Very Strong Surrounding Drivers
■ Adjacent to High Performing 7-Eleven | Ranked Top 15% Nationwide For Entire Chain (Placer.ai)
■ Property Benefits from Excellent Visibility Provided by West Market Street | 25,000 VPD Proximity to Key Highway Systems | Enhancing Accessibility & Traffic
■ Nearby Retailers Include: 7-Eleven, McDonald’s, Zaxby’s, Advance Auto, Sheetz, Food Lion, Walgreens, Wendy’s, Taco Bell, O’Reilly Auto Parts, and More Proximity to Four Seasons Town Centre | 3-Store Brookfield-Owned Mall
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