701 Francis King St, Greensboro, NC 27410 For Sale

SOUGHT AFTER CORPORATE BACKED GROCER

• Harris Teeter currently operates more than 262 stores across the Southeast and portions of the Northeast

• Harris Teeter is owned and backed by Kroger, which carries a credit rating of BBB

• In 2024, Kroger’s total revenue exceeded $147 billion

NEARBY MARKET DRIVERS

• The site is positioned just 0.8 miles north of Guilford College, which has more than 1,100 students and 300 employees

• Less than 5 miles west of the site is Piedmont Triad International Airport, which handles over 1.2 million passengers annually across more than 102,000 flights

• The property is also surrounded by Jefferson Elementary, Guilford Middle, and Guilford High Schools, providing a built-in customer base

LOW VACANCY RETAIL TRADE AREA

• Within a 1-mile radius of the site is more than 430K SF of retail space

• Vacancy rate in that radius is below 1.75%

• Nearby national retailers include: Walmart Neighborhood Market, Sherwin-Williams, Chipotle, Starbucks, and more

EXCELLENT REGIONAL CONNECTIVITY

• Strategically positioned near the intersection of Bryan Blvd and W Friendly Ave

• Easy access to I-73 and I-40 connects the site to the broader Greensboro and Triad region

• More than 45,000 vehicles per day travel within a two mile radius, providing strong visibility and accessibility

HIGH GROWTH GREENSBORO

• Located in the Triad MSA, one of North Carolina’s three largest metropolitan areas

• In 2023, Greensboro witnessed construction values surpassing $1 billion, marking a 37% increase from the previous year

• Projections estimate that Greensboro will welcome an additional 60,000 residents over the next two decades

STRONG LEASE FUNDAMENTALS & LONG OPERATING HISTORY

• Abs. NNN – Ground leased site with zero landlord responsibilities

• This location has operated for almost 20 years, with 3 years remaining and six (6) five-year options

• Includes 5% rental increases during option periods