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Retreat @ 68 | Retail Development 1 US-68 Hwy 1,500 - 19,950 SF of Retail Space Available in Greensboro, NC 27409
HIGHLIGHTS
- 19,950 SF of New Construction Shopping Center Space
- Underserved supply of multi-tenant retail in the immediate area complimented by strong demographics
- Cold Dark Shell delivery with a TI package available for qualified tenants
- Blank Canvas of SF opportunities up to 19,950 SF
- Potential patio seating available for end cap restaurant users
- Lease Rate: Contact Broker for Details
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,500-19,950 SF | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $376.74 /m²/YR $31.39 /m²/MO $58,188 /MO $698,250 /YR | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Blank Canvas of SF opportunities up to 19,950 SF
- Potential patio seating available for end cap
- Cold Dark Shell delivery
- TI package available for qualified tenants
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 19,950 SF | Gross Leasable Area | 19,950 SF |
| Min. Divisible | 1,500 SF | Year Built | 2025 |
| Property Type | Retail | Construction Status | Proposed |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 19,950 SF |
| Min. Divisible | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 19,950 SF |
| Year Built | 2025 |
| Construction Status | Proposed |
ABOUT THE PROPERTY
Multiple retail opportunities sitting at the main entrance of a 53 Acre mixed use development Initial Phase 1 of the multifamily development consisted of 264 units. Phase 2 will be an additional 160 units breaking ground January of 2024 Retail Opportunities are located at a signalized Intersection Located just off of exit 111 of I-73 and Hwy 68 Excellent demographics in a submarket that is exploding with new development Across the street from the I-73 Business Center with 600,000 SF of Class A Industrial buildings Positioned just north of the Piedmont Triad International Airport Boom Supersonic to invest $500 million with 1600 employees 1 mile east of the site Traffic Counts: 68,000 VPD (I-73); 32,000 VPD (Hwy 68)
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Peeples Rd | Riding TrlCt, S | 467 | 2022 | 0.33 mi |
| Peeples Road | Riding TrlCt, S | 500 | 2019 | 0.41 mi |
| NC 68 (LEABOURNE RD) | Brittains Field Rd, N | 11,500 | 2020 | 0.60 mi |
| Edgefield Rd | Gardner Ct, S | 3,166 | 2022 | 0.67 mi |
| Edgefield Road | - | 2,995 | 2022 | 0.73 mi |
| I-73 | State Hwy 68 | 19,485 | 2022 | 0.80 mi |
| State Highway 68 | Sapp Acres Ln, S | 16,668 | 2015 | 0.85 mi |
| State Hwy 68 | Brittains Field Rd, N | 12,338 | 2022 | 0.85 mi |
| Ballard Rd | Cude Rd, SE | 1,217 | 2022 | 0.88 mi |
| Ballard Road | Cude Rd, SE | 1,300 | 2019 | 0.95 mi |
MAP
ADDITIONAL PHOTOS
Building Photo
Building Photo