Hwy 801 N | Bermuda Run, NC 27006
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Hwy 801 N
Bermuda Run, NC 27006
Retail Property For Sale
Investment Highlights
- Subject property is less than 14 miles from Winston-Salem
- Strategically located off of I-40, which sees in excess of 52,000 VPD
- 10 mile population of 161,307 Residents
Executive Summary
Hwy 801 N features a 2024 built-to-suit upgraded construction for Dollar Tree, with a 10-year NN+ lease that includes limited landlord responsibilities. Located strategically off of I-40, which experiences over 52,000 vehicles per day, the property benefits from a population of 40,256 residents within a 5-mile radius and 161,307 residents within a 10-mile radius. The surrounding area includes national tenants such as Wendy’s, McDonald’s, Subway, Domino’s, Taco Bell, Chick-Fil-A, Bojangles, Wells Fargo, and Ace Hardware, making it a highly trafficked location. The property is less than 14 miles from Winston-Salem and is situated in a community with a robust average household income of $111,960 within a 5-mile radius, indicating a well-off surrounding area. Additionally, the property comes with a 20-year transferable roof warranty and offers five 5-year options with rent increases of $5,000 ($0.50 PSF). The lease is extremely strong and corporately guaranteed, providing a secure investment opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built
2024
Price
£2,211,864
Price Per SF
£221
Net Initial Yield
7.15%
NOI
£158,148
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
1.83 AC
Zoning
C - Commercial
Parking
99 Spaces (9.9 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | C8-020-A0-009 | Improvements Assessment | £882,897 |
Land Assessment | £423,773 | Total Assessment | £1,306,670 |
PROPERTY TAXES
Parcel Number
C8-020-A0-009
Land Assessment
£423,773
Improvements Assessment
£882,897
Total Assessment
£1,306,670
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