1712 S Stratford Rd - Drug Store FOR SALE


Winston-Salem, NC 27103- S Downtown Winston-Salem | 
$5,928,000 USD
714-336-4737
1712 S Stratford Rd, Winston-Salem, NC for Sale
$5,928,000 USD
Drug Store - FOR SALE
1/3
null | 6.25% Cap Rate

1712 S Stratford Rd
Winston-Salem, NC 27103
S Downtown Winston-Salem


HIGHLIGHTS

  • Long-Term Absolute Triple-Net (NNN) Lease
  • Corporate Guarantee
  • Rare Rental Increases
  • Large Lot Size

OVERVIEW

Surmount is pleased to present the exclusive listing for a Walgreens located at 1712 South Stratford Road, Winston-Salem, NC 27103. The site consists of roughly 14,736 rentable square feet of building space on an estimated 1.98-acre parcel of land. Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $370,500 and has scheduled increases of 5.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$5,928,000 USD

PRICE/SF

$402 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

RH-1

APN/PARCEL ID

6814-46-1681

ASK ABOUT THIS PROPERTY

Cade KearnSurmountMore Info
714-336-4737

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Cade KearnSurmountMore Info
714-336-4737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.