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Towers Shopping Center 203 S Stratford Rd 1,598 SF of Retail Space Available in Winston-Salem, NC 27103
HIGHLIGHTS
- Nestled in a vibrant commercial hub.
- Heavy Daytime Foot Traffic.
- Excellent visibility and accessibility, attracting a diverse customer base.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste I | 1,598 SF | Negotiable | $39.45 CAD/SF/YR $3.29 CAD/SF/MO $63,039 CAD/YR $5,253 CAD/MO | Triple Net (NNN) |
203-205 S Stratford Rd - 1st Floor - Ste I
Business FOR SALE for $99,000 Asset Acquisition: Offered at $99,000, the sale encompasses all business assets and personal property, providing a comprehensive package for immediate operation. EIDL Loan Transfer: An Economic Injury Disaster Loan (EIDL) of $80,000 is available for assignment to a qualified buyer, subject to Small Business Administration (SBA) approval. Prospective buyers should be aware that the SBA typically requires its consent for such transfers and may necessitate a personal guarantee from the new owner. There is no franchise obligation therefore new owner does not need to maintain Gigi's Cupcake Franchise.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Ample space for creative expansion
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 1,598 SF | Frontage | 211’ on S Stratford Rd |
| Center Type | Neighborhood Center | Gross Leasable Area | 42,330 SF |
| Parking | 143 Spaces | Total Land Area | 1.99 AC |
| Center Properties | 1 | Year Built | 1994 |
| Total Space Available | 1,598 SF |
| Center Type | Neighborhood Center |
| Parking | 143 Spaces |
| Center Properties | 1 |
| Frontage | 211’ on S Stratford Rd |
| Gross Leasable Area | 42,330 SF |
| Total Land Area | 1.99 AC |
| Year Built | 1994 |
ABOUT THE PROPERTY
Business is FOR SALE for $99,000 Presenting an exceptional chance to acquire a thriving business located at 205 S Stratford Rd, Unit I, Winston-Salem, NC 27103. Situated in the bustling Towers Shopping Center, this establishment benefits from high foot traffic and proximity to prominent retailers such as Cava and Firehouse Subs. Presenting an exceptional chance to acquire a thriving business located at 205 S Stratford Rd, Unit I, Winston-Salem, NC 27103. Situated in the bustling Towers Shopping Center, this establishment benefits from high foot traffic and proximity to prominent retailers such as Zoe’s Kitchen and Firehouse Subs. Key Highlights: Strategic Location: Nestled in a vibrant commercial hub, the business enjoys excellent visibility and accessibility, attracting a diverse customer base. Lease Assignment: The existing lease will be seamlessly assigned to the new owner at closing, ensuring a smooth transition and uninterrupted operations. Asset Acquisition: Offered at $99,000, the sale encompasses all business assets and personal property, providing a comprehensive package for immediate operation. EIDL Loan Transfer: An Economic Injury Disaster Loan (EIDL) of $80,000 is available for assignment to a qualified buyer, subject to Small Business Administration (SBA) approval. Prospective buyers should be aware that the SBA typically requires its consent for such transfers and may necessitate a personal guarantee from the new owner.
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
NEARBY MAJOR RETAILERS
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Towers Shopping Center | 203 S Stratford Rd
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