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Drivetime 1370 Peters Creek Pky 8,190 SF Retail Building Winston-Salem, NC 27103 $3,264,294 CAD ($398.57 CAD/SF) 7.30% Cap Rate

Restaurants North Carolina Winston-Salem 1370 Peters Creek Pky, Winston-Salem, NC 27103

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Investment Highlights

  • Lease corporately guaranteed by DriveTime, a national used-vehicle retailer with a substantial U.S. operating footprint.
  • Tenant recently invested approximately $500,000 in interior upgrades, demonstrating long-term commitment to the location.
  • Approximately 166,925 residents within five miles and 378,239 within ten miles supporting sustained automotive demand.
  • Primary term through February 2029 with three 5-year renewal options, each featuring 10% rental increases.
  • Prominent frontage along Peters Creek Parkway, a primary commercial artery with strong daily traffic counts.
  • Average household income of $90,841 within five miles, aligning well with DriveTime’s core customer base.

Executive Summary

Broker of Record
Kyle Matthews
License # C38369, 288917 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,190 SF
Building Class
C
Year Built
1972
Price
$3,264,294 CAD
Price Per SF
$398.57 CAD
Cap Rate
7.30%
NOI
$238,278 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.99 AC

Amenities

  • Pylon Sign

Links

1 1

Nearby Major Retailers

Compare Foods
Bank of America
IHOP
Rent-A-Center
Storage Sense
Crossfit

Property Taxes

Parcel Number 6824-78-8435 Improvements Assessment $674,181 CAD
Land Assessment $1,010,656 CAD Total Assessment $1,684,838 CAD

Property Taxes

Parcel Number
6824-78-8435
Land Assessment
$1,010,656 CAD
Improvements Assessment
$674,181 CAD
Total Assessment
$1,684,838 CAD
(574) 270-0361

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 39645040

  • Date on Market: 2026-03-03

  • Last Updated:

  • Address: 1370 Peters Creek Pky, Winston-Salem, NC 27103

The Ardmore Retail Property at 1370 Peters Creek Pky, Winston-Salem, NC 27103 is currently available. Contact Matthews Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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Drivetime | 1370 Peters Creek Pky
(574) 270-0361 x

Drivetime | 1370 Peters Creek Pky

Samuel Griffeth
(574) 270-0361

Alex DeSoto
(602) 898-8499

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