Investment Highlights
Synergistic Location | Outparcel to High Traffic Food Lion Anchored Neighborhood Center – 380,000+ Visits Per Year | Across From Redhill Pointe Apartments – 2023 Construction, 84 Units, 100% Occupied
- Dollar Tree is strategically located at the corner of the signalized intersection of Groometown Road and West Vandalia Road as an outparcel to Sedgefield Village, a Food Lion Grocery anchored neighborhood retail center. Importantly, the Dollar Tree parcel is not subject to Sedgefield Village use restrictions.
- Sedgefield Village provides a “one-stop shop” for local residents including groceries, dining, and various essential services. Tenants in Sedgefield Village include various take-out and dine in restaurants, beauty and nail salons, home furnishings, tax preparation services, and others.
- Per Placer.AI, traffic to the Food Lion exceeds 380,000+ visits annually, providing for consistent traffic and exposure to the area.
- The Dollar Tree is also located directly across from the Redhill Pointe Apartments, an 84-unit complex which opened in early 2023 and is currently 100% occupied with a waitlist.
10 Minutes to Downtown Greensboro | Close Proximity To Major Interstates and Expressways | Greensboro Urban Loop
- Dollar Tree is located just 10 minutes from Downtown Greensboro and is easily accessible via local roads or via Interstate 85, providing for convenient resident access and higher probability of a consistent local resident population.
- The Dollar Tree is also strategically located in close proximity to both Interstates 85 and 73 which are part of the “Urban Loop” and connect residents and motorists with all areas of Greensboro as well as cities within North Carolina.
Excellent Demographics | $105,000+ Avg HH Income | 143,000+ Residents | Close Proximity to Brand New and Under Construction Residential Communities
- The average household income within a 1-mile radius of the Dollar Tree exceeds $105,000+ annually which is well above the national average and provides for greater disposable income. In addition, the Dollar Tree is situated within a densely populated area with over 143,000+ residents living within 5 miles.
- There are several residential communities in the area which either recently opened or are under construction. As examples, Carolina Pines, currently under construction, is situated less than 1.5 miles away and features 130 units, while The Retreat at Sedgefield, which opened in 2022, is approximately 2 miles away and features 240 units.
Strong Local Traffic Generators | Schools | Highly Ranked Country Club & Residences– Annual PGA Tour Championship Event | Golf and Spa Resort
- The Dollar Tree is located in close proximity to numerous local Greensboro schools including Sedgefield Presbyterian School, Sedgefield Elementary School, and Childcare Network Daycare.
- The Dollar Tree is also less than 1.5 miles from Sedgefield Country Club, a private country club and residential community. The club is the annual host of the PGA Tour’s Wyndham Championship, which is North Carolina’s oldest professional golf event. The 4-day event draws an average attendance of over 25,000 spectators per day.
- The Property is also in close proximity to Grandover Resort & Spa, which features two 18-hole golf courses, spa facilities, conference center, event venues, and a 244-room hotel. Grandover also features on-site single-family homes and 540 luxury condominium units.
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