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Chipotle 1051 Southpark Blvd 2,195 SF Retail Building Winston-Salem, NC 27127 $2,200,000 ($1,002.28/SF) 5.50% Cap Rate
Investment Highlights
- Corporate Guaranty
- Attractive 10% rent increases every 5 years
- Long term primary lease - 12 years remaining
- Signalized corner - ±27,000 VPD
Executive Summary
Discover an exceptional investment opportunity with this prime property located at 1051 Southpark Boulevard, Winston-Salem, NC.
This ±2,195 SF building, constructed in 2022, boasts a long-term primary lease with a corporate guaranty, providing stability and reliability. With 12 years remaining on the lease and attractive 10% rent increases every 5 years, this property offers a compelling potential for consistent growth and returns.
This ±2,195 SF building, constructed in 2022, boasts a long-term primary lease with a corporate guaranty, providing stability and reliability. With 12 years remaining on the lease and attractive 10% rent increases every 5 years, this property offers a compelling potential for consistent growth and returns.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,195 SF
Building Class
B
Year Built
2022
Price
$2,200,000
Price Per SF
$1,002.28
Cap Rate
5.50%
NOI
$121,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Parking
38 Spaces (17.31 Spaces per 1,000 SF Leased)
Frontage
397’ on Southpark Blvd
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6823-78-7173 | Improvements Assessment | $562,700 |
| Land Assessment | $565,400 | Total Assessment | $1,128,100 |
Property Taxes
Parcel Number
6823-78-7173
Land Assessment
$565,400
Improvements Assessment
$562,700
Total Assessment
$1,128,100
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Chipotle | 1051 Southpark Blvd