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2825 Reynolda Rd
29,839 SF 100% Leased Retail Building Winston-Salem, NC 27106 $5,205,000 USD ($174 USD/SF) 6.90% Cap Rate
Investment Highlights
- Tenant: Fuel Fitness
- 15-Year Absolute NNN Lease
Executive Summary
The Fuel Fitness property is an exciting investment sale opportunity in a well-positioned area of the Triad with strong demographics. With locations in Durham, Mooresville, Wilmington, Wilson, and Winston-Salem, Fuel Fitness has established its brand as the “up and coming” regional fitness destination in North Carolina. This investment is structured with an Absolute Net Lease with the tenant paying all maintenance, repairs, and service expenses throughout the life of the lease. The facility has adequate parking (170 spaces) with overflow spaces available at the adjacent Harris Teeter grocery store.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
29,839 SF
Building Class
C
Year Built
1972
Price
$5,205,000 USD
Price Per SF
$174 USD
Cap Rate
6.90%
NOI
$359,145 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
2.23 AC
Zoning
HB
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Fuel Fitness
- Arts, Entertainment, and Recreation
- -
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Fuel Fitness | Arts, Entertainment, and Recreation | - | - | - |
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 6817-64-7328 | Improvements Assessment | $1,606,900 USD |
Land Assessment | $708,100 USD | Total Assessment | $2,315,000 USD |
PROPERTY TAXES
Parcel Number
6817-64-7328
Land Assessment
$708,100 USD
Improvements Assessment
$1,606,900 USD
Total Assessment
$2,315,000 USD
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2825 Reynolda Rd
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