Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Rob Carter
704.379.1982 Office
704.379.1988 Fax
carter@berkeleycap.com
Alex Quarrier
704.714.2365 Office
704.379.1988 Fax
quarrier@berkeleycap.com
David Webb
704.379.1967 Office
704.379.1988 Fax
webb@berkeleycap.com
   
The Shoppes at Battleground North

OFFERING SUMMARY

The Shoppes at Battleground North is a well established retail property located in Greensboro, North Carolina on the heavily trafficked Battleground Avenue. The property's desirable location along the Battleground retail corridor serves Greensboro and several surrounding affluent residential communities. The shopping center is approximately 6.5 miles northwest of downtown Greensboro, and it sits in a growing area with attractive demographics. The estimated household income within a 5-mile radius is approximately $82,000.

The 66,486 square-foot retail center is 86% occupied and is anchored by Harris Teeter.

SUBMARKET OVERVIEW

Guilford County is the primary center of commerce for the eight-county Triad metropolitan area, and the third largest retail market in North Carolina. The Shoppes at Battleground North sits in the Battleground North submarket, and is identified by Battleground Avenue (Hwy 220), one of Greensboro's main traffic corridors. This multi-lane street runs from near the city's Central Business District to the northwest suburbs, passing through some of the metro's most affluent neighborhoods.

 

DEMOGRAPHICS
   
  1 Mile 3 Mile 5 Mile  
2016 Population Projection 5,242 43,291 112,103  
2011 Estimate 4,761 39,910 104,830  
Growth 2011 - 2016 10.10% 8.47% 6.94%  
2011 Estimated Avg HH Income $79,114 $81,492 $82,227  
OFFERING MEMORANDUM & FILES
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Profiles
  Map/Directions
Name: The Shoppes at Battleground North
Market: Greensboro, NC
Size: 66,486 SF
Occupancy: 86%
Year Delivered: 2007
Land Size: 10.10 AC
Parking: 326 Spaces
Debt: Free and Clear
   
Anchor Tenants Lease Expiration Square Feet
Harris Teeter 05/31/2027 48,000
   
NET OPERATING INCOME $720,081
   
CAP RATE N/A
   
OFFERING PRICE Unpriced
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