Retail Ground Lease Opportunity across from Vidant Greenville, NC

Vacant Land for Lease
Catylist Listing ID: 30287984
Property Subtypes: Retail, Retail-Pad
Building Status: Proposed
Gross Land Area: 0.71 Acres
Lease Rate: $4,500 (Monthly)
$1.75 PSF (Annual)
Lease Types: Ground Lease, Absolute NNN
Adjacent Parcels Available: Yes
Last Updated: 4/16/2019

Overview / Comments

.71± acre retail parcel available for ground lease near the intersection of Stantonsburg Road/US Hwy 264 and Memorial Drive/NC Hwy 11 across from Vidant Medical Center.

Property is currently improved with a two story motel and is in an area designated by the city of Greenville for redevelopment. Excellent location that is improving all the time as revitalization efforts occur in the west Greenville area and will be enhanced further when the 10th Street connector opens in late 2018, creating direct access into uptown Greenville, which is bustling with new construction and redevelopment in the Dickinson Avenue corridor.

Existing tenants around the site include CVS, Taco Bell, and Teriyaki Express.

Property is zoned, with cross access in place. Owners have a preliminary concept plan showing a 6,695± SF retail building with a drive through and 34 total parking spaces.

Site will accommodate a single or multi tenant retail user and would be perfect for a national tenant wanting exposure and proximity to Vidant and great traffic counts.

Additional Details

Nearest MSA: Greenville
County: Pitt
Taxing Authority: Pitt County
Tax ID/APN: 34347
Property Located Between: Stantonsburg Road/US Hwy 264 and Memorial Drive/NC Hwy 11
Property Visibility: Good
Largest Nearby Street: Stantonsburg Road/US Hwy 264 and Memorial Drive/NC Hwy 11
Airports: PGV
Site Description: Site is generally flat and at grade. Site is currently improved with an approximate 40 room, 2 story masonry motel structure.
Area Description: Site is located across from Vidant Medical center, a Level I trauma center and teaching hospital, serving eastern NC. Immediate area is comprised of a mixture of retail, office, medical, retail/restaurant and lodging uses. This is a highly traveled corridor within the city of Greenville, located west of the CBD. The Greenville Uptown area is experiencing strong levels of new construction and redevelopment of existing buildings. The site will only benefit from the opening of the 10th Street connector, leading into the CBD.
Zoning Description: Medical Commercial Heavy (MCH)
Topography: Level
Easements: Ingress/Egress, Utilities
Easements Description: There are existing cross access easements and utility easements affecting the property which allow for vehicular ingress/egress to both Stantonsburg Road and Memorial Drive and circulation between the existing retail tenants.
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,508 57,716 98,249
Median Age: 31.68 29.85 30.98
Households: 5,213 23,938 40,618


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