Retail Space - For Sale
4423 West Wendover Avenue Greensboro, NC 27407
Details & Description
Price: $7,970,176
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 4.170
  • Building Sq Ft 16,022
  • Building Price per Sq Ft $497.45
  • Land Sq Ft 181,645
  • Land Price per Sq Ft $43.88
  • NOI $498,136
  • CAP Rate % 6.25
Brisky Net Lease is pleased to offer this master leased portfolio of two TGI Fridays locations in Greensboro, NC and Richmond, VA. Appreciate the NNN structure with zero landlord responsibilities, 10+ years of term remaining and annual rent bumps to hedge inflation. The restaurants are operated by TGI Fridays 2nd largest franchisee, United Restaurant Group L.P., which has 15 TGI Fridays locations in 3 states with plans for continued growth. Both locations are in great growing markets situated on top tier sites with great visibility and strong traffic counts. Investors will appreciate the opportunity to invest in a popular, highly recognizable international restaurant chain with a proven track record for performance.TGI Fridays was founded in 1965 and is headquartered in Dallas, TX. As the original casual dining bar and grill, TGI Friday offers authentic American food and legendary drinks, served with genuine personal service. TGI Friday proudly serves guests with over 850 restaurants in more than 55 countries and nearly 74,000 skilled and knowledgeable team members.*The TGI Fridays locations in Greensboro and Richmond are encumbered by one unitary master lease with no allocated rents within the lease.Broker of Record: Bang Realty-North Carolina, Inc | Brian Brockman NC #298998Broker of Record: Bang Realty, Inc | Brian Brockman VA #225245999
Property ID:    300500
Property URL: melqr.com/300500
Generated:    03-23-23
Property Highlights
Additional Photos
Listing Agents
Brian Brisky

O: 612-413-4200
M: 715-529-4441
info@brisky.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
Retail Space / North Carolina / Greensboro / 27407 / 4423 West Wendover Avenue

4423 West Wendover Avenue

Greensboro, NC 27407

Unit 2 7023 W Broad St Richmond VA

Listing ID: 300500
$7,970,176
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 4.170
  • Building Sq Ft 16,022
  • Building Price per Sq Ft $497.45
  • Land Sq Ft 181,645
  • Land Price per Sq Ft $43.88
  • NOI $498,136
  • CAP Rate % 6.25
  • 4423 West Wendover Avenue Greensboro, NC 27407 | for Sale | Photo 1
  • 4423 West Wendover Avenue Greensboro, NC 27407 | for Sale | Photo 2
  • 4423 West Wendover Avenue Greensboro, NC 27407 | for Sale | Photo 3
  • 4423 West Wendover Avenue Greensboro, NC 27407 | for Sale | Photo 4
  • 4423 West Wendover Avenue Greensboro, NC 27407 | for Sale | Photo 5
  • 4423 West Wendover Avenue Greensboro, NC 27407 | for Sale | Photo 6
4423 West Wendover Avenue | for Sale | Thumbnail 1
4423 West Wendover Avenue | for Sale | Thumbnail 2
4423 West Wendover Avenue | for Sale | Thumbnail 3
4423 West Wendover Avenue | for Sale | Thumbnail 4
4423 West Wendover Avenue | for Sale | Thumbnail 5
4423 West Wendover Avenue | for Sale | Thumbnail 6
Property Highlights
• Absolute NNN Lease with Zero Landlord Responsibilities
• Great Locations, Visibility, Signage & Traffic Counts
• Over 10 Years Remaining and Annual Rent Bumps
• Second Largest TGI Fridays Franchisee
• Long Term Established National Tenant
• Annual Sales Reporting
Description

Brisky Net Lease is pleased to offer this master leased portfolio of two TGI Fridays locations in Greensboro, NC and Richmond, VA. Appreciate the NNN structure with zero landlord responsibilities, 10+ years of term remaining and annual rent bumps to hedge inflation. The restaurants are operated by TGI Fridays 2nd largest franchisee, United Restaurant Group L.P., which has 15 TGI Fridays locations in 3 states with plans for continued growth. Both locations are in great growing markets situated on top tier sites with great visibility and strong traffic counts. Investors will appreciate the opportunity to invest in a popular, highly recognizable international restaurant chain with a proven track record for performance.

TGI Fridays was founded in 1965 and is headquartered in Dallas, TX. As the original casual dining bar and grill, TGI Friday offers authentic American food and legendary drinks, served with genuine personal service. TGI Friday proudly serves guests with over 850 restaurants in more than 55 countries and nearly 74,000 skilled and knowledgeable team members.

*The TGI Fridays locations in Greensboro and Richmond are encumbered by one unitary master lease with no allocated rents within the lease.

Broker of Record: Bang Realty-North Carolina, Inc | Brian Brockman NC #298998
Broker of Record: Bang Realty, Inc | Brian Brockman VA #225245999

Loan and Amortization Calculator

Listing Price
Down Payment
Loan Amount:
Interest Rate:
Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

Greensboro Area Market Trends

Listing Demographics for 4423 West Wendover Avenue Greensboro, NC 27407

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population7,67067,390146,406
Population Median Age363839
Population by Age0-9 Yrs985 (12%)8566 (12%)17079 (11%)
10-19 Yrs553 (7%)6970 (10%)17281 (11%)
20-29 Yrs1676 (21%)12472 (18%)24828 (16%)
30-39 Yrs1575 (20%)9660 (14%)19540 (13%)
40-49 Yrs946 (12%)8286 (12%)18285 (12%)
50-59 Yrs605 (7%)7606 (11%)17971 (12%)
60-69 Yrs769 (10%)7043 (10%)16181 (11%)
70+ Yrs561 (7%)6786 (10%)15241 (10%)
Median HH Income$58,488$52,066$56,819
Total Household Income< 24K428 (11%)6568 (22%)12153 (19%)
25-49K1055 (28%)7836 (26%)15364 (24%)
50-74K818 (22%)5547 (18%)11650 (18%)
75-99K707 (19%)3947 (13%)7654 (12%)
100-199K584 (15%)4651 (15%)11470 (18%)
200K+60 (1%)1228 (4%)3410 (5%)
Highest Education LevelNo Diploma25938548242
Diploma or GED655866818821
Some College1172999920888
Assoc. Degree64245288679
Bachelors Degree17881326028691
Higher Degree1207658015787
Total Housing Units4,05732,82967,347
--Owner-Occupied1,48813,00933,238
--Renter-Occupied2,16416,76828,465
Owner-Occupied Values< 100K26320825082
100-199K1037602012949
200-299K14330248509
300-399K1511934136
400-499K03181342
500K+303721220
Total Working Age Population6,32154,811120,131
In Work Force4,66037,20780,616
Not In Work Force1,66117,60539,515
Workforce Employed4,41335,42476,502
Workforce Unemployed2471,7494,022
Civlian Workforce4,66037,17380,524
Military Workforce03392
Total Households3,65129,77661,703
Family Households1,93815,68035,023
Non-Family Households1,71314,09626,681
Married Couple1,25410,05223,991
Other Family6845,62811,031
Married w/Child5334,2459,263
Single Male w/Child1518061,474
Single Female w/Child2612,6325,041

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
North Carolina8,049,313+189,535,483+1110,630,691+1111,836,070
Guilford County421,048+16488,406+12545,348+13615,227

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Other Retail Space Listings for Sale Nearby
Address Price Sq Ft Acres
4405 West Wendover Avenue, Greensboro, NC CALL 9000 -
1629 Stanley Road, Greensboro, NC CALL 10827 1.08
4653 West Market Street, Greensboro, NC $9,800,000 152030 12.42
6912 Downwind Road, Greensboro, NC $1,200,000 5310 6.13
3022 High Point Road, Greensboro, NC $10,610,000 125803 11.96
4112 Brian Jordan Place, High Point, NC $4,299,000 9100 1.38
3915 Sedgebrook Street, High Point, NC $2,600,000 6950 1.5
7611 Thorndike Road, Greensboro, NC $2,631,000 5744 -
5835 Samet Drive, High Point, NC $2,200,000 10336 1.82
1650 Penny Road, High Point, NC $250,000 2100 1.75
Closest Commercial Airports
Airport Distance (mi)
Piedmont Triad International Airport (GSO) 4
Raleigh Durham International Airport (RDU) 63
Charlotte Douglas International Airport (CLT) 83
Listing Agent
Brian Brisky - CRE Agent at

Brian Brisky

Brisky Net Lease

612-413-4200 (office)

715-529-4441 (mobile)

VIEW AGENT PROFILE

brisky.com

CONTACT ME

More listings from Brian Brisky
764 U.S. 64
Plymouth, NC 27962
Primary photo of 764 U.S. 64, Plymouth, NC
$2,035,000
  • Type Retail
  • Building Sq Ft 3,142
  • Lot Acres 0.830
4810 White Bear Parkway
White Bear Lake, MN 55110
Primary photo of 4810 White Bear Parkway, White Bear Lake, MN
$5,077,343
  • Type Office
  • Building Sq Ft 25,817
  • Lot Acres 3.380
515 West Main Street
Le Roy, MN 55951
Primary photo of 515 West Main Street, Le Roy, MN
$1,551,107
  • Type Retail
  • Building Sq Ft 9,100
  • Lot Acres 1.150
Featured Local Vendors
• SUPPORT OUR FREE PLATFORM •
The below vendors allow us to provide our platform at no cost. Please consider their services when needed.
• Environmental Studies •
Northwest Geoscience logo
Get an Environmental Site Survey!
• Digital Media Services •
• Appraisal Company •
AmeriMac logo
Proper valuation for buying or selling
• Dumpster Service •
Dumpster Rental Dogs logo
Dumpsters delivered to your door!
• Port-a-Potty •
Porta Potty Dogs logo
Sometimes you just need to go....
• Commercial Surveying •

Share
Other property types near Greensboro, NC
 • Commercial Real Estate For Sale in Greensboro, NC
 • Commercial Real Estate For Lease in Greensboro, NC
 • Office Space For Sale in Greensboro, NC
 • Office Space For Lease in Greensboro, NC
 • Industrial Property For Sale in Greensboro, NC
 • Industrial Property For Lease in Greensboro, NC
 • Flex-Office-Warehouse Space For Lease in Greensboro, NC
 • Retail Space For Sale in Greensboro, NC
 • Retail Space For Lease in Greensboro, NC
 • Specialty Real Estate For Sale in Greensboro, NC
 • Specialty Real Estate For Lease in Greensboro, NC
 • Commercial Land and Lots For Sale in Greensboro, NC
 • Commercial Land and Lots For Lease in Greensboro, NC