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1990 S Stratford Rd
Winston-Salem, NC 27103
Verizon · Retail Property For Sale


EXECUTIVE SUMMARY
High Traffic Location: This property ranks in the 87th percentile for annual foot traffic among Verizon stores nationwide and in the 89th percentile among Verizon locations across North Carolina (Placer.ai).
Long Term Tenant Commitment: Verizon has demonstrated a strong commitment to this location, executing two early lease renewals over their 13 year occupancy, signaling long-term operational stability.
Prime Retail Corridor: Perfectly positioned on S Stratford Road (±39,000 VPD) with secondary access from Hanes Mall Blvd (±28,500 VPD), the property is surrounded by top national retailers including Costco, Sam’s Club, Chick-fil-A, Lowe’s, Home Depot, Academy Sports, Target, PetSmart, Best Buy, and more.
High-Demand Retail Market: 7.2 million square feet of retail in the immediately surrounding retail corridor, coupled with Winston Salem’s low retail vacancy rate of just 2.7% (CoStar, Q3 2025), highlight the corridor’s strong tenant demand and market fundamentals.
Excellent Interstate Access: Located less than 0.25 miles from I-40 (±95,000 VPD), the property offers outstanding access and visibility, enhancing customer convenience and tenant performance.
Major Economic Growth Driver: JetZero’s recently announced $4.7 billion manufacturing investment at nearby Piedmont Triad International Airport is expected to generate over 14,000 new jobs in the region over the next decade, driving sustained market growth.
Long Term Tenant Commitment: Verizon has demonstrated a strong commitment to this location, executing two early lease renewals over their 13 year occupancy, signaling long-term operational stability.
Prime Retail Corridor: Perfectly positioned on S Stratford Road (±39,000 VPD) with secondary access from Hanes Mall Blvd (±28,500 VPD), the property is surrounded by top national retailers including Costco, Sam’s Club, Chick-fil-A, Lowe’s, Home Depot, Academy Sports, Target, PetSmart, Best Buy, and more.
High-Demand Retail Market: 7.2 million square feet of retail in the immediately surrounding retail corridor, coupled with Winston Salem’s low retail vacancy rate of just 2.7% (CoStar, Q3 2025), highlight the corridor’s strong tenant demand and market fundamentals.
Excellent Interstate Access: Located less than 0.25 miles from I-40 (±95,000 VPD), the property offers outstanding access and visibility, enhancing customer convenience and tenant performance.
Major Economic Growth Driver: JetZero’s recently announced $4.7 billion manufacturing investment at nearby Piedmont Triad International Airport is expected to generate over 14,000 new jobs in the region over the next decade, driving sustained market growth.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,946 SF
Building Class
C
Year Built
2012
Price
$4,518,166 CAD
Price Per SF
$913.50 CAD
Cap Rate
6.25%
NOI
$282,310 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.46 AC
Zoning
Commercial - Commercial
Parking
31 Spaces (6.27 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 6814-24-4879 | Improvements Assessment | $1,855,779 CAD |
| Land Assessment | $971,376 CAD | Total Assessment | $2,827,155 CAD |
PROPERTY TAXES
Parcel Number
6814-24-4879
Land Assessment
$971,376 CAD
Improvements Assessment
$1,855,779 CAD
Total Assessment
$2,827,155 CAD
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