4625 Country Club Rd - Bank FOR SALE


Winston-Salem, NC 27104- South Fork
$3,222,000 USD
980-498-3293
4625 Country Club Rd, Winston-Salem, NC for Sale
$3,222,000 USD
Bank - FOR SALE
1/5
null | 4.5% Cap Rate

4625 Country Club Rd
Winston-Salem, NC 27104
South Fork


HIGHLIGHTS

  • INVESTMENT GRADE TENANT
  • INNOVATION QUARTER AND DOWNTOWN WINSTON-SALEM
  • STRONG LEASE FUNDAMENTALS

OVERVIEW

STRONG LEASE FUNDAMENTALS - 10% rent increase every 5 years and during options periods - Absolute NNN Ground lease providing no Landlord Responsibilities - Six (6) - Five (5) year option periods INVESTMENT GRADE TENANT - Corporate Guaranty from Investment Grade Tenant - JP Morgan has a Market Cap of $360B (NASDAQ: JPM) with over 5,600 locations across the country - S&P rating of AA1 WINSTON-SALEM MSA - Winston Salem has seen steady growth over the past 5 years with its population increasing by almost 2% since the last census - According to the world population review, Winston-Salem is the fifth most populous city in the state of North Carolina HIGHLY VISIBLE AND ACCESSIBLE LOCATION - Located at the lighted intersection of Country Club Rd (21,500 VPD) & Jonestown Rd (20,500 VPD) providing superior visibility into the site - Adjacent to Cambridge Park Apartments, a 250 unit apartment complex LOCATED IN HIGH GROWTH RETAIL NODE - Over 1.6M SF of Retail Space located in a 1-mile radius, boasting a vacancy rate of 2.4% - Nearby National Retail Tenants include: Walmart Supercenter, Home Depot, Costco Wholesale, Sam’s Club, and much more INNOVATION QUARTER AND DOWNTOWN WINSTON-SALEM - Chase Bank is located west of the Innovation Quarter in Winston-Salem - This area is attracting new businesses and reports indicating over $6 billion in investments and over 11,000 new jobs in the pipeline

FOR SALE DETAILS

PRICE

$3,222,000 USD

PRICE/SF

$732 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

LO-S

APN/PARCEL ID

6805-50-6663

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 Policy.