5471 University Pky
Winston-Salem, NC 27105
CVS Pharmacy - New 19 Year Lease · Retail Property For Sale

Marcus & Millichap is pleased to present this CVS store on busy University Parkway, very near Wake Forest University, in Winston-Salem, NC., the County Seat of Forsythe County and home to seven universities and colleges. With a city population of 250,000 and a part of the Piedmont Triad Region, Winston-Salem is the fourth largest city in North Carolina. In 2012, the city was listed among the 10 best places to retire in the U.S. by CBS MoneyWatch. The property sits at the signaled intersection of University Parkway, a major four lane commuter artery running northwest to southeast into the central downtown district, and Shattalon Drive. Many retail uses, and shopping centers of various sizes and type, are located on University Parkway. Winston-Salem has seen an explosion in growth and urbanization in the downtown area with hotels, entertainment, and apartments being constructed. In 2017, the city was ranked the second-most livable downtown in America by the New York Times and the Wall Street Journal.] The large parcel size, great visibility and access, and favorable zoning create conditions for future redevelopment of needed. CVS has been at the location since 2002 and just signed a new lease until 2037, indicating the success of the store.