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 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.

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
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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

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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:

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Total Working Age Population:

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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
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