2600 Reynolda RdWinston-Salem, NC 27106

Property Details for 2600 Reynolda Rd

Year built

1984

Construction

BRICK

Lot size

0.67 AC

Property size (Sq ft)

2,726 SF

Zone code

LO

Property type

Specialty properties

Property subtype

Other specialty properties

APN

6817-71-8233.00

APU

681771823300

Description

This exceptional investment opportunity presents a 2,700 square foot, single-story veterinary clinic located at 2600 Reynolda Road, Winston-Salem, NC 27106. Built in 1984 and renovated in 2004, the property sits on a 0.67-acre lot (APN 6817-71-8233) and boasts a highly desirable LO zoning designation. Currently 100% leased to a reputable veterinary practice with 56 locations and a strong growth trajectory, the lease features seven years remaining with 2.5% annual rent increases and three 5-year renewal options. This translates to a compelling 7% cap rate on the $1,300,000 asking price. The property enjoys a high-profile corner location with nearly 30,000 vehicles passing daily, and its proximity to Wake Forest University further enhances its desirability. Landlord responsibilities are limited to structural elements such as load-bearing walls, supports, foundation, and exterior walls. This turnkey investment offers a stable income stream and significant long-term potential in a prime Winston-Salem location.

• Alternative Use

  Use

  Valuation

  Residential

  $342,325

  Hospitality

  $313,568

  Educational

  $260,885

  Medical

  $269,857

  Retail

  $405,821

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.1369

Longitude

-80.2942

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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