Randleman Road Shopping Center
2641 Randleman Road, Greensboro, NC 27406
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 is configured as small shop space catering to local 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 are meaningfully below market, providing additional upside through mark-to-market execution.
With over 31,000 vehicles per day on Randleman Road, the surrounding submarket supports neighborhood retail demand through residential density, workforce presence, and proximity to major employment drivers. The property benefits from access to I-40 and I-85 and is within commuting distance of the Toyota Battery Manufacturing facility in Randolph County, which is expected to drive sustained job growth and population support across the broader Triad region.
This opportunity is offered at a basis reflective of in-place income rather than stabilized performance, allowing investors to capture upside through lease-up and rent growth within a defined value-add strategy.
Investment highlights
- Transformational lease-up opportunity with proven mark-to market upside: Current vacancy provides a clear and controllable path to NOI growth through lease-up. Recent leasing activity is being achieved at rents above $17.00/SF NNN, demonstrating proven mark-to-market upside for the next owner. This creates an opportunity to drive stabilization through leasing execution rather than capital-intensive improvements.
- Mark-to-market opportunity with immediate value creation: In-place rents averaging approximately $10.61/SF are materially below prevailing market levels, representing an estimated ~46% upside through lease-up and renewals. A portion of the existing tenancy is month-to-month or rolling within the next 12-24 months, allowing an investor to accelerate rent resets and execute a phased repositioning without long-term lease constraints.
- Small shop layout drives tenant demand depth: The property's suite configuration of approximately 1,000 to 3,500 SF aligns with typical neighborhood retail users. This format increases the pool of prospective tenants and supports leasing velocity across a range of service-oriented uses.
- Strategic infill location supported by market rent comps: Positioned along Randleman Road with proximity to I-40 and I-85, the property benefits from strong accessibility, visibility, and consistent demand from neighborhood retail users. Recent Greensboro retail lease comparables averaging approximately $17.21/SF NNN support the achievability of projected rents and provide third-party validation for the leasing and mark-to-market strategy.
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