WALGREENS

2125 Cloverdale Ave NW, Winston Salem, NC 27103
$4,603,000

Cap Rate
8.25%
Gross SQFT
13,650
Year Built
2004
Term Remaining
±4.6 YRS
NOI
$379,800
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Reported Store Sales are well above $4 Million per year
  • Per Alpha Map, this store ranks in the top 90th percentile nationally
  • Absolute NNN Lease, zero Landlord responsibilities
  • Oversized ±2.00 AC parcel allows for higher visibility and accessibility, parking abundance, and an opportunity for possible development
  • The store is open for business 24 hours per week, 7 days a week
  • Situated on a signalized hard corner next to a Harris Teeter anchored shopping center
  • Across the street from Atrium Health Wake Forest Baptist Medical Center, which is ±1.8 Million SF. The center includes Wake Forest University School of Medicine and is known for its high standards in patient care, innovative treatments, and clinical trials.
  • Located less than 1.5 miles from downtown Winston-Salem
  • Surrounded by affluent neighborhoods, universities, and a growing population, contributing to robust retail demand and sales potential

Broker of Record

  • Kyle Matthews
  • License No. C38369 (NC)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203