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Verizon Wireless | Winston-Salem, NC 2885 Reynolda Rd 3,102 SF Retail Building Winston-Salem, NC 27106 $2,430,613 CAD ($783.56 CAD/SF) 6.25% Cap Rate
Investment Highlights
- HIGH VISIBILITY RETAIL CORRIDOR
- OUTPARCEL TO GROCERY-ANCHORED CENTER
- EXPERIENCED OPERATOR
Executive Summary
OUTPARCEL TO GROCERY-ANCHORED CENTER
- Freestanding outparcel to Pine Ridge Plaza, anchored by Harris Teeter and surrounded by national retailers.
HIGH VISIBILITY RETAIL CORRIDOR
- Positioned on Reynolda Road with approximately 27,000 VPD and strong access within a dense retail node.
LOW ABSOLUTE RENT BASIS
- In-place rent of $108,900 provides an accessible price point and supports future renewal economics
EXPERIENCED OPERATOR
- Operated by Cellular Sales, Verizon’s largest authorized retailer, with a large national footprint and long operating history.
AFFLUENT INFILL TRADE AREA
- More than 56,000 residents within 3 miles with average household income of approximately $105,848
- Freestanding outparcel to Pine Ridge Plaza, anchored by Harris Teeter and surrounded by national retailers.
HIGH VISIBILITY RETAIL CORRIDOR
- Positioned on Reynolda Road with approximately 27,000 VPD and strong access within a dense retail node.
LOW ABSOLUTE RENT BASIS
- In-place rent of $108,900 provides an accessible price point and supports future renewal economics
EXPERIENCED OPERATOR
- Operated by Cellular Sales, Verizon’s largest authorized retailer, with a large national footprint and long operating history.
AFFLUENT INFILL TRADE AREA
- More than 56,000 residents within 3 miles with average household income of approximately $105,848
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,102 SF
Building Class
C
Year Built/Renovated
1969/2015
Price
$2,430,613 CAD
Price Per SF
$783.56 CAD
Cap Rate
6.25%
NOI
$151,948 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.46 AC
Zoning
HB
Parking
34 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Information
- -
- -
- Double Net
- Jan 2031
Verizon Communications was formed through the merger of Bell Atlantic and GTE and began operating as a combined company in 2000. Verizon operates as a communications technology company with consumer and business groups, alongside public sector and network-focused offerings. The company provides wireless service, broadband connectivity, fiber-based services, and solutions for enterprise and government customers. The company maintains ongoing investment in network expansion and product development across mobility, broadband, and business services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Information | - | - | Double Net | Jan 2031 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6817-64-2060 | Improvements Assessment | $462,827 CAD |
| Land Assessment | $325,359 CAD | Total Assessment | $788,185 CAD |
Property Taxes
Parcel Number
6817-64-2060
Land Assessment
$325,359 CAD
Improvements Assessment
$462,827 CAD
Total Assessment
$788,185 CAD
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Verizon Wireless | Winston-Salem, NC | 2885 Reynolda Rd
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