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2424 S Stratford Rd 1,395 SF Specialty Building Offered at $714,843 CAD at a 10.60% Cap Rate in Winston-Salem, NC 27103
Investment Highlights
- Site sees 26,500 VPD
- Pro Forma NOI: $55,703 & Pro Forma Cap Rate: 10.6%
Executive Summary
Opportunity to own a 2 bay express carwash site with tremendous upside in a prime location on Stratford Rd in Winston-Salem. Located adjacent to Speedway just 1 mile from I-40 and dozens of major retailers (Target, Lowe’s, Costco, Chick-fil-A®, etc.), the site sees 26,500 VPD (based on closest NCDOT data point). The right operator will be able to maximize the potential of this site through effective management, increased marketing efforts, monthly membership expansion, adding other revenue drivers (vending, ice
machine, etc.), plus benefit from already having one new IBA and another recently refurbished one.
machine, etc.), plus benefit from already having one new IBA and another recently refurbished one.
Property Facts
| Price | $714,843 CAD | Lot Size | 0.44 AC |
| Price Per SF | $512.43 CAD | Building Size | 1,395 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 10.60% | Year Built | 2001 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Car Wash | Parking Ratio | 1.69/1,000 SF |
| Building Class | C | ||
| Zoning | HB | ||
| Price | $714,843 CAD |
| Price Per SF | $512.43 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 10.60% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 1,395 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | HB |
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 6804-91-3034 | Improvements Assessment | $169,767 CAD |
| Land Assessment | $231,797 CAD | Total Assessment | $401,563 CAD |
Property Taxes
Parcel Number
6804-91-3034
Land Assessment
$231,797 CAD
Improvements Assessment
$169,767 CAD
Total Assessment
$401,563 CAD
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2424 S Stratford Rd
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