2885 Reynolda Rd - Freestanding FOR SALE


Winston-Salem, NC 27106- Brookridge
$1,742,000 USD
980-498-3293
2885 Reynolda Rd, Winston-Salem, NC for Sale
$1,742,000 USD
Freestanding - FOR SALE
1/6
null | 6.25% Cap Rate

2885 Reynolda Rd
Winston-Salem, NC 27106
Brookridge


HIGHLIGHTS

  • HIGH VISIBILITY RETAIL CORRIDOR
  • EXPERIENCED OPERATOR
  • OUTPARCEL TO GROCERY-ANCHORED CENTER

OVERVIEW

OUTPARCEL TO GROCERY-ANCHORED CENTER - Freestanding outparcel to Pine Ridge Plaza, anchored by Harris Teeter and surrounded by national retailers. HIGH VISIBILITY RETAIL CORRIDOR - Positioned on Reynolda Road with approximately 27,000 VPD and strong access within a dense retail node. LOW ABSOLUTE RENT BASIS - In-place rent of $108,900 provides an accessible price point and supports future renewal economics EXPERIENCED OPERATOR - Operated by Cellular Sales, Verizon’s largest authorized retailer, with a large national footprint and long operating history. AFFLUENT INFILL TRADE AREA - More than 56,000 residents within 3 miles with average household income of approximately $105,848

FOR SALE DETAILS

PRICE

$1,742,000 USD

PRICE/SF

$562 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon Wireless | Winston-Salem, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,998 SF

ZONING

HB

APN/PARCEL ID

6817-64-2060

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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