907 Waughtown St Winston Salem, NC 27107-3446
Property profile & analytics
907 Waughtown St Winston Salem, NC 27107-3446
- Drive through restaurants
- 1,422 SF
- 0.37 lot acres
Property ID
US53-1917475
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Church's Texas Chicken / Restaurant
Property Details for 907 Waughtown St
- Year built
- 1974
- Construction
- BRICK
- Lot size
- 0.37 lot acres
- Property size
- 1,422 SF
- Zone code
- HB
- Property type
- Drive through restaurants
- APN
- 6834-96-5435.00
- APU
- 683496543500
Description
This exceptional investment opportunity presents a fee-simple ownership of a Church's Chicken fast-food restaurant located at 907 Waughtown Street, Winston-Salem, North Carolina. The property boasts 1,482 square feet on a 0.37-acre lot, situated in a high-traffic area. The current lease, an absolute NNN (Triple Net) agreement with a corporate guarantee from Church's Chicken, offers significant long-term stability. The lease commenced February 1st, 2004, and has a remaining term of 10.1 years, extending to December 28th, 2034, with two five-year renewal options. The annual rent is $59,172, with annual escalations of 1.5%, providing consistent income growth. The property's strong performance is evidenced by the tenant's recent decision to sign a 10-year lease extension. The location benefits from its proximity to a Food Lion grocery store, UNC School of Arts (within one mile), and Winston-Salem State University (within two miles), ensuring a substantial customer base. Built in 1974, this single-story building is zoned for commercial use and features a fully functional drive-thru. The asking price is $956,752, representing a 6.18% cap rate. This is a rare opportunity to acquire a well-established, high-performing QSR property with a strong tenant and significant upside potential. The property is offered as a 1031 exchange opportunity.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Winston Salem
- County
- Forsyth
- State
- North Carolina
- Longitude
- -80.2197
- Latitude
- 36.0696
- CBSA code
- 49180
- CBSA name
- WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,653
$83,200
$105,900
$189,100
-
$83,200
$105,900
$189,100
