1990 S Stratford Rd - Freestanding FOR SALE


Winston-Salem, NC 27103- S Downtown Winston-Salem
$3,724,000 USD
818-802-2627
1990 S Stratford Rd, Winston-Salem, NC for Sale
$3,724,000 USD
Freestanding - FOR SALE
1/5
null | 5.5% Cap Rate

1990 S Stratford Rd
Winston-Salem, NC 27103
S Downtown Winston-Salem


HIGHLIGHTS

  • Verizon renewed early, now has a 7-year lease showing strong commitment to the site. Verizon has been at this location since 2011.
  • Outparcel to a Sam's Club and Immediately Surrounded by Lowe's, Costco, Home Depot, Chick-fil-A and other national & Regional Retailers.
  • 1/2 Mile from Power Center- Hanes Mall with over 20- Million Visitors Annually
  • Rare Corporate Guaranteed Verizon Lease
  • Located at the Corner of S Stratford Rd and Hanes Mall Blvd with Traffic Counts Exceeding 60,000 Vehicles Per Day
  • Average HH Income $70,000 within 3 miles and $75,000 within 5 miles / Daytime Population 240,000+ and Trade area population 480,000+

OVERVIEW

NAI Capital Commercial Inc. is pleased to present this net leased, single-tenant freestanding Verizon Wireless store located in Winston-Salem, North Carolina. Winston-Salem in NC is the fourth largest city in North Carolina and the corporate home to industry giants BB&T, Hanes, Krispy Kreme, Home Depot, Lowes, RJ Reynolds Tobacco, and many more. This thriving city is also home to Wake Forest University, Winston-Salem State University, and Salem College with over 100,000 students combined. The subject property consists of a 4,946 Square Feet retail space with ample parking sitting on a 0.46 Acre parcel. Ideally located just half a mile from the power center- Hanes Mall, which has over 20 million visitors annually and minutes from Wake Forest Baptist Medical Center with over 15,000 employees. Located on a signalized pad intersection with over 95,000 Cars/Day off the 1-40 and down the street from Three Luxury Apartment communities- The Loft at Little Creek, Burke Ridge Crossings, and The Stratford at Hillcrest Crossings which has over 900+ Units. This property is located just 2 miles from Forsyth Medical Center which is one of the largest hospitals in North Carolina with over 8,500 employees. The subject property is surrounded by Major National and Regional Retailers such as Chick-Fil-A, Jared's, Macy's Dillard's, Home Depot, Lowes, Car Dealerships (such as Cadillac, GMC, Buick, and Chevrolet), Best Buy, Mattress Firm, Panera Bread, Ulta, Wells Fargo Bank, Bank of America, Costco, HomeGoods, Sears, Target, Ross, Toys R Us, and Walmart. This is an Excellent Corporate Verizon NN leased Investment. Leased until May 31, 2028.

FOR SALE DETAILS

PRICE

$3,724,000 USD

PRICE/SF

$749 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,863 SF

ZONING

GB-S

APN/PARCEL ID

6814-24-4879

ASK ABOUT THIS PROPERTY

Chris JacksonNAI CapitalMore Info
818-802-2627

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

Chris JacksonNAI CapitalMore Info
818-802-2627

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