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1370 Peters Creek Pky
Winston-Salem, NC 27103
Drivetime · Retail Property For Sale
Investment Highlights
- Lease corporately guaranteed by DriveTime, a national used-vehicle retailer with a substantial U.S. operating footprint.
- Tenant recently invested approximately $500,000 in interior upgrades, demonstrating long-term commitment to the location.
- Approximately 166,925 residents within five miles and 378,239 within ten miles supporting sustained automotive demand.
- Primary term through February 2029 with three 5-year renewal options, each featuring 10% rental increases.
- Prominent frontage along Peters Creek Parkway, a primary commercial artery with strong daily traffic counts.
- Average household income of $90,841 within five miles, aligning well with DriveTime’s core customer base.
Executive Summary
Gerard Hamas
Broker of Record
Broker Lic. No.: 362768 (NC)
Firm Lic. No.: C42113 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Broker of Record
Broker Lic. No.: 362768 (NC)
Firm Lic. No.: C42113 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
8,190 SF
Building Class
C
Year Built
1972
Price
$2,387,000
Price Per SF
$291.45
Cap Rate
7.30%
NOI
$174,240
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.99 AC
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 6824-78-8435 | Improvements Assessment | $493,100 |
| Land Assessment | $739,200 | Total Assessment | $1,232,300 |
Property Taxes
Parcel Number
6824-78-8435
Land Assessment
$739,200
Improvements Assessment
$493,100
Total Assessment
$1,232,300
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