5914 University Pkwy Winston-Salem, NC 27105
High-yield, multi-tenant retail property.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- Established Tenants: Verizon and Krispy Kreme, original tenants since 2008.
- Strong Net Lease Income: Verizon's lease extends to 2031 (6.4 years remaining) with a 10% rent increase option; Krispy Kreme's lease has 5.2 years remaining with three 5-year options at 10% rent increases each.
- High-Traffic Location: Situated across from North Summit Square (224,530 SF, anchored by Sam's Club and shadow-anchored by Lowe's), and near Oak Summit shopping center (142,306 SF, including Walmart).
- Proximity to Wake Forest University: Less than 5 miles from Wake Forest University's 340-acre campus (nearly 9,000 students).
Property Details for 5914 University Pkwy
- Property type
- Retail properties, Retail space
- Square Feet
- 2,500 SF
- Year Built
- 2008
- Buildings
- 1
- Lot Size (sq. ft)
- 46,609 SF
- Units
- 2
Location Insight
- City
- Winston-Salem
- County
- Forsyth
- State
- North Carolina
- Latitude
- 36.184784695728
- Longitude
- -80.275018280173
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, multi-tenant retail property.
- Where is the retail property located?
- The property is located at 5914 University Pkwy Winston-Salem, NC.
- What is the asking price?
- The asking price for this property is $3,831,500.
- What are key features of this property?
- This property features: Established Tenants: Verizon and Krispy Kreme, original tenants since 2008.; Strong Net Lease Income: Verizon's lease extends to 2031 (6.4 years remaining) with a 10% rent increase option; Krispy Kreme's lease has 5.2 years remaining with three 5-year options at 10% rent increases each.; High-Traffic Location: Situated across from North Summit Square (224,530 SF, anchored by Sam's Club and shadow-anchored by Lowe's), and near Oak Summit shopping center (142,306 SF, including Walmart).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].