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30042856
30042857

2403 Randleman Rd, Greensboro, NC 27406

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$2,381,000
133 days on market
Updated 64 days ago

Murphy USA Ground Lease

Details
Property Type Retail
Sub Type Gas Station
Square Footage 2,824
Cap Rate 5.25%
NOI $125,000
Tenancy Single
Brand/Tenant Murphy USA
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 12/31/2045
Remaining Term 19.5
Rent Bumps Yes
Lease Options 4, 5-Year
Price per SqFt $843
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Acreage 1.690
Zoning Commercial
Parking Spaces 11 per unit
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/10/2025
Ground Lease Yes

Signalized Corner Intersection | Brand New 2025 Construction | Absolute Net Ground Lease

Investment highlights

• Signalized corner intersection | Randleman Rd & W Meadowview Rd | 26,200 VPD combined | Great visibility and access

• Brand new 2025 construction

• Absolute net ground lease | Zero landlord responsibilities

• Desirable lease term | New 20-year term

• Corporate lease | Murphy Oil USA, Inc. | 1,700+ locations across 27 states

• Located within a dense retail corridor | 2.8M SF within a 2-mile radius

• Large parcel | 1.69 acres

• Strong population growth within 3 miles | 10.96% from 2010-2025

• Attractive population density within 15 minutes | 320,120 residents

• Large industrial presence nearby brings a high volume of daytime workers | 8.6M SF of space within a 2-mile radius

• Within 15 minutes of Moses H. Cone Memorial Hospital & Cone Health Wesley Long Hospital | 800 beds combined

• Within 10 minutes of University of North Carolina Greensboro & North Carolina A&T State University | 33,000 students combined

• 4 miles from James B. Dudley High School | 1,400 students

• 20 minutes from Piedmont Triad International Airport | 280 flights per day

• Nearby destination retailers | Walmart Supercenter, Publix, Harris Teeter, Food Lion, ALDI, Lidl, Lowe’s, Home Depot, Tractor Supply, Olive Garden, Cracker Barrel, Waffle House, Chick-fil-A, McDonald’s, Starbucks, Wendy’s, Zaxby’s, Taco Bell, Bojangles, Biscuitville, Advance Auto Parts, and more

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$125,000.00
$10,416.67/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

Map

Zoning

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C-H CommercialSpecial CommercialCommercial High
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Last updated Jun 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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