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Piedmont Advantage Credit Union 5610 University Pky 2,700 SF Retail Building Winston-Salem, NC 27105 $1,550,000 ($574.07/SF) 5.75% Cap Rate
Investment Highlights
- Piedmont Advantage Credit Union had $351 million in deposits, $395 million in assets, and $20.6 million in equity capital at the end of Q1 2025
- Zero landlord maintenance or expense obligations
- Adjacent to ALDI, Discount Tire and North Forsyth High School, across from the Grand Winston-Salem (IMAX) theater and surrounded by office buildings
- New 12-year absolute NNN lease featuring 2% annual rent increases and two (2), 4-year options
- Located on University Parkway (33,146 VPD), close to Wake Forest University (3 miles)
- Close to Walmart Supercenter, Target, Chipotle, Aspen Dental, Lowe’s, Home Depot, Sam’s Club, Jiffy Lube, Subway, Wendy’s and auto dealerships
Executive Summary
A newly renovated relocation site for Piedmont Advantage Credit Union (PACU) which had $351 million in deposits at the end of Q1 2025, and is headquartered in Winston-Salem. PACU is adjacent to ALDI on University Parkway, a main retail thoroughfare with 33,146 VPD. Located in the fast-growing Winston-Salem market with 104,340 residents in a 5-mile radius of the subject property.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
B
Year Built/Renovated
1988/2025
Price
$1,550,000
Price Per SF
$574.07
Cap Rate
5.75%
NOI
$89,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Zoning
GB
Frontage
230’ on University
Nearby Major Retailers
Property Taxes
| Parcel Number | 6828-34-1676 | Improvements Assessment | $529,100 |
| Land Assessment | $898,000 | Total Assessment | $1,427,100 |
Property Taxes
Parcel Number
6828-34-1676
Land Assessment
$898,000
Improvements Assessment
$529,100
Total Assessment
$1,427,100
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Piedmont Advantage Credit Union | 5610 University Pky
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