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    Property profile & analytics
    OFF-MARKET Estimated value $3,480,000
    Retail space

    5914 University Pkwy, Winston Salem, NC 27105-1342

    6,975 SF 1.07 ac lot Built 2008
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US53-1862521
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 7,000-square-foot retail building situated on a 1.07-acre lot in Winston-Salem, North Carolina. The property boasts 100% occupancy with two prominent national tenants: Verizon Wireless and Krispy Kreme. Both tenants occupy a single building constructed in 2008, offering a long-term, stable income stream. Verizon Wireless occupies 4,500 square feet with approximately 6.4 years remaining on their lease, including a 10% rent increase option. Krispy Kreme occupies 2,500 square feet with approximately 5.2 years remaining on their lease, also including a 10% rent increase option in each of three 5-year periods. The property generates a substantial net operating income (NOI) of $239,467, resulting in a compelling 6.25% capitalization rate. The asking price is $3,831,500. The property benefits from a prime location directly across from a major shopping center anchored by Sam's Club and Lowe's, and within close proximity to numerous other retail establishments, including Walmart, Target, and various restaurants. Its strategic location is further enhanced by its proximity to Wake Forest University, a significant draw for students and staff. Ample parking is available with 45 spaces. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with significant upside potential. The property is offered as a net lease investment, providing a passive income stream with minimal management responsibilities.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2008
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 6,975 SF
    Lot 1.07 ac (46,609 SF)
    Zoning code HB
    APN 6828-38-6427.00
    UPID US53-1862521
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Verizon Business Services Business To Business Service
    • Verizon Mobile Phone Store Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.62M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.48M
    Owner & transaction history
    Evans Street Four LLC
    Evans Street Four LLC
    since 2025
    Last sale
    $3.3M
    6 recorded transactions
    2025
    $3.3M
    2020
    $3.8M
    2016
    $3.1M
    2009
    $3.0M
    2008
    $1.2M
    2000
    $500,000
    Zoning & alternative use
    HB · Winston Salem, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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