5914 University Pkwy Winston Salem, NC 27105-1342

Property Details for 5914 University Pkwy

Year built

2008

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.07 lot acres

Property size

6,975 SF

Zone code

HB

Property type

Retail space

APN

6828-38-6427.00

APU

682838642700

Description

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.

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Longitude

-80.2754

Latitude

36.1845

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments