Property summary
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
VerifiedCap rate & NOI
Current use
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Business To Business Service
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Mobile Phone Store Electronics & Wireless Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
HB · Winston Salem, NCThe HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HB in Winston Salem, NC.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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