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2901 Reynolda Rd
Winston-Salem, NC 27106
Panera Bread · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Long Term Passive Income - 15-year Absolute NNN lease | No Landlord Responsibilities
  • Attractive Rental Increases - 5% base rental increase every 5 years in initial term | 5% increase each renewal option
  • Dense Retail Corridor - Over 335,000 SF of retail located within a 0.4 mile radius of the property featuring many national retailers
  • Strong Lease Guaranty - Covelli Enterprises is the largest Panera Bread Franchisee in the world with over 300 locations
  • Drive Thru - This Panera Bread features a drive-thru which is becoming increasingly popular as consumer’s preferences to safety continue to evolve
  • Excellent Exposure - Located at the signalized corner of Reynolda Rd (28,500 VPD) and Old Town Dr with a point of ingress/egress on each road

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
4,200 SF
Building Class
C
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.03 AC
Zoning
HB

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6817-54-8348
Land Assessment
$554,500
Improvements Assessment
$1,535,900
Total Assessment
$2,090,400
  • Listing ID: 22736456

  • Date on Market: 4/14/2021

  • Last Updated:

  • Address: 2901 Reynolda Rd, Winston-Salem, NC 27106

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