Verizon Wireless & Krispy Kreme
7,000 SF | 100% Leased | Retail Building | Winston-Salem, NC 27105 | $3,831,500 ($547/SF) | 6.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,831,500
- Property Type
-
Retail
- Square Feet
- 7,000 SF
- Price / Square Foot
- $547
Listing Contacts
Christopher Bosworth
Verified Profile
Brian Pfohl
Verified Profile
Thomas Carr
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Ty Grenier
Verified Profile
Kaitlyn Wolf
Verified Profile
Leah Lindell
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Abby Kelly
Verified Profile
Mike Burkard
Verified Profile
- Property Info
Property Overview
CBRE is pleased to exclusively offer for sale the ±7,000-square-foot, two-tenant retail building situated on 1.07 acres in Winston-Salem, NC (MSA Population: 688,850). Originally developed for Verizon Wireless and Krispy Kreme in 2008, both tenants have extended their leases with current terms as follows:
Verizon Wireless: 4,500 SF | ±6.8 Years | Rent: $177,300
Krispy Kreme: 2,500 SF | ±5.6 Years | Rent: $75,625
Verizon Wireless: 4,500 SF | ±6.8 Years | Rent: $177,300
Krispy Kreme: 2,500 SF | ±5.6 Years | Rent: $75,625
Property Details
- Class
- B
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 46,609 SF
Highlights
- Less than 5 miles from Wake Forest University
- Both Verizon and Krispy Kreme have been original tenants in the 2008 development
- South of $1.74b Winston-salem northern beltway project
- Across from the 224,530-square-foot North Summit Square shopping center, which is anchored by Sam’s Club and shadow-anchored by Lowe’s
- 3.3 MSF of retail, 2.3 MSF of office, 6.6 MSF of industrial and 6,465 multifamily units within a 3-mile radius
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