Property summary
This exceptional investment opportunity presents a 2,700 square foot, single-story veterinary clinic located at 2600 Reynolda Road, Winston-Salem, NC 27106. Built in 1984 and renovated in 2004, the property sits on a 0.67-acre lot (APN 6817-71-8233) and boasts a highly desirable LO zoning designation. Currently 100% leased to a reputable veterinary practice with 56 locations and a strong growth trajectory, the lease features seven years remaining with 2.5% annual rent increases and three 5-year renewal options. This translates to a compelling 7% cap rate on the $1,300,000 asking price. The property enjoys a high-profile corner location with nearly 30,000 vehicles passing daily, and its proximity to Wake Forest University further enhances its desirability. Landlord responsibilities are limited to structural elements such as load-bearing walls, supports, foundation, and exterior walls. This turnkey investment offers a stable income stream and significant long-term potential in a prime Winston-Salem location.
Property profile
VerifiedCap rate & NOI
Current use
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Veterinary Clinic
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Veterinary Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The LO District is primarily intended to accommodate moderately intense medical, professional, administrative, and government office uses on small to mid-sized sites, in a suburban setting
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LO · Winston Salem, NCThe LO District is primarily intended to accommodate moderately intense medical, professional, administrative, and government office uses on small to mid-sized sites, in a suburban setting
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The LO District is primarily intended to accommodate moderately intense medical, professional, administrative, and government office uses on small to mid-sized sites, in a suburban setting
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LO in Winston Salem, NC.
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Find the owner behind the property.
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