2825 Reynolda Rd | Winston-Salem, NC 27106
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2825 Reynolda Rd
Winston-Salem, NC 27106
Retail Property For Sale
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
Price Per SF
$174
Cap Rate
6.90%
NOI
$359,145
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
2.23 AC
Zoning
HB
PROPERTY TAXES
| Parcel Number | 6817-64-7328 | Improvements Assessment | $1,606,900 |
| Land Assessment | $708,100 | Total Assessment | $2,315,000 |
PROPERTY TAXES
Parcel Number
6817-64-7328
Land Assessment
$708,100
Improvements Assessment
$1,606,900
Total Assessment
$2,315,000
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