Randleman Road Shopping Center
Retail | 15,000 SqFt
Marketing description
Bryant Capital Advisors is pleased to present the exclusive offering of 2641 Randleman Road, a 15,000 SF multi-tenant neighborhood retail asset located along an established commercial corridor in Greensboro, North Carolina. The property features small shop suites designed for service-oriented tenants, a format aligned with durable demand drivers in infill retail locations.
The investment is defined by significant vacancy and below-market in-place rents, creating a clear path to income growth. Approximately 50% of the property is currently vacant, allowing an investor to drive lease-up and stabilization without major capital improvements. In-place rents averaging approximately $10.61/SF are materially below market levels, providing additional upside through mark-to-market execution.
The property benefits from strong visibility along Randleman Road, which sees over 31,000 vehicles per day, and offers convenient access to Interstates 40 and 85. The surrounding submarket supports neighborhood retail demand through residential density, workforce presence, and proximity to major employment drivers across the Triad region.
Offered at a basis reflective of in-place income rather than stabilized performance, the opportunity allows investors to capture upside through lease-up and rent growth within a defined value-add strategy. The property consists of approximately 15,000 square feet across eight suites on 1.34 acres, providing flexibility for a range of neighborhood retail users.
Investment highlights
- Value-Add Retail with Lease-Up Opportunity
- ~50% Vacancy with Immediate NOI Growth Potential
- Below-Market Rents with Mark-to-Market Upside
- ±31,000 VPD High-Visibility Location
- 15,000 SF Multi-Tenant Retail Center
- Flexible 1,000–3,500 SF Suites
- Access to I-40 & I-85
- Infill Greensboro Retail Corridor
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