South Elm Shopping Center
Retail | 65,189 SqFt
Marketing description
Bryant Capital Advisors is pleased to present the exclusive listing of South Elm Shopping Center, a grocery-anchored neighborhood shopping center located in the heart of an established infill retail corridor in Greensboro, North Carolina. Anchored by Food Lion and complemented by a diverse mix of necessity-based retailers, the property serves as a longstanding retail destination for the surrounding community and benefits from consistent daily consumer traffic, strong visibility, and excellent accessibility.
The offering provides investors with durable in-place cash flow supported by a stable, necessity-based tenant roster and defensive neighborhood retail fundamentals. Pro forma underwriting reflects a stabilized going-in Net Operating Income of approximately $430,000, achieved by removing roughly $29,000 in ownership-specific operating expenses that are not anticipated to be incurred by a future purchaser. Through contractual rent growth, lease rollover, and proactive asset management, NOI is projected to increase to more than $650,000 by Year 10, representing significant embedded upside.
Situated within the rapidly expanding Piedmont Triad region, the property is well-positioned to benefit from continued population growth, corporate investment, and economic expansion throughout the Greensboro market. Combined with its established infill location, diversified necessity-based tenant mix, and meaningful NOI growth potential, South Elm Shopping Center presents investors with a compelling blend of current yield and long-term value creation.
Investment highlights
- Food Lion Anchor with Lease through 2051
- Necessity-Based Tenant Mix Provides Defensive Income
- Projected NOI Growth Exceeding 50% Over 10-year Hold Period
- Established Infill Greensboro Retail Corridor
- Durable Cash Flow from Established Grocery-Anchored Center
- Significant Embedded NOI Growth Potential
- Strategic Infill Greensboro Location
- Beneficiary of the Expanding Triad Economy
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