This exceptional investment opportunity presents a 14,500-square-foot Walgreens pharmacy located at 3634 Reynolda Rd, Winston-Salem, NC 27106. The property sits on a 2.03-acre lot and boasts a strong 7.30% cap rate, generating a net operating income (NOI) of $369,996. The property features a single-tenant, absolute NNN lease with a corporate guarantee from Walgreens Boots Alliance (NYSE: WBA), providing significant financial security. The lease commenced August 31, 2003, and has a remaining…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?

$62k

Tax billed · 2024

Assessed value$3.54M

Assessed land$1.33M

Assessed improvement$2.21M

Effective rate1.75%

Value estimate

· Nov 2026

$1.91M

$1.71M – $2.10M

CAP approach$2.44M

Submarket $/SF estimate$1.35M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?

$132/SF

Submarket average, outlier-cleaned · 115 recorded sales of this use type

Observed band · Q1–Q3$60 – $222

Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

The HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential

General categoryCOMMERCIAL

JurisdictionFORSYTH

Location intelligence

Which uses thrive at this corner?

Best fit: Realty agency

Demand index

Realty agency28.6

Building Supply21.2

Restaurant21.1

3634 Reynolda Rd Winston Salem, NC 27106-2230

County assessor Recorded deeds · not on file 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby

Address Sale price Sold Size

3333 Robinhood, Winston Salem, NC 27106-5403 $1,975,000 May 2024 14,133 SF

5365 Robinhood, Winston Salem, NC 27106-9760 $1,500,000 Jan 2024 10,672 SF

3592 Yadkinville, Winston Salem, NC 27106-2500 $2,960,000 Jan 2022 12,694 SF

3488 Robinhood, Winston Salem, NC 27106-4702 $5,669,000 Oct 2021 13,462 SF

5455 Bethania, Winston Salem, NC 27106-8608 $185,000 Oct 2020 10,152 SF

3709 Reynolda, Winston Salem, NC 27106-2231 $850,000 Jan 2020 9,282 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$1,975,000

14,133 SF

3333 Robinhood Rd

DRUG STORE, PHARMACY

3333 Robinhood Rd, Winston Salem, NC 27106-5403

View Details
Value Estimation
$1,530,000

11,710 SF

3601 Reynolda Rd

RETAIL STORES (PERSONAL SERVICES)

3601 Reynolda Rd, Winston Salem, NC 27106-2229

View Details
Value Estimation
$2,410,000

21,039 SF

3285 Robinhood Rd

GROCERY, SUPERMARKET

3285 Robinhood Rd, Winston Salem, NC 27106-5463

View Details
Value Estimation
$2,110,000

22,500 SF

608 Coliseum Dr

RETAIL STORES (PERSONAL SERVICES)

608 Coliseum Dr, Winston Salem, NC 27106-5311

View Details
Value Estimation
$360,000

7,920 SF

4901 Reynolda Rd

RETAIL STORES (PERSONAL SERVICES)

4901 Reynolda Rd, Winston Salem, NC 27106

View Details
Value Estimation
$290,000

5,800 SF

8090 Pt Blvd

RETAIL STORES (PERSONAL SERVICES)

8090 Pt Blvd, Winston Salem, NC 27106-3204

View Details

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High-Traffic Retail/Office Space Available

Retail and office spaces for rent in high-traffic location.

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Retail Space Near Wake Forest

Retail space in Winston-Salem, near Wake Forest University.

2835 Reynolda Rd, Winston-salem, NC 27106

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3634 Reynolda Rd Winston Salem, NC 27106

Property summary