5914 UNIVERSITY PKWY Winston Salem NC 27105-1342

CBRE is pleased to exclusively offer for sale the ±7,000-square-foot, two-tenant retail building situated on 1.07 acres in Winston-Salem, NC (MSA Population: 688,850). Originally developed for Verizon Wireless and Krispy Kreme in 2008, both tenants have extended their leases with current terms as follows:

Verizon Wireless: 4,500 SF | ±5.7 Years | Rent: $177,300

Krispy Kreme: 2,500 SF | ±4.5 Years | Rent: $75,625

Long Operating History: Both Verizon and Krispy Kreme have been original tenants in the 2008 development.

Net Leases:

Verizon: Verizon’s net lease was recently extended for 7 years through 2031 and has ±5.7 years remaining of lease term with a 10% rent increase in the one 5-year option.

Krispy Kreme: Krispy Kreme’s net lease has ±4.5 years remaining of lease term with a 10% rent increase in each of the three 5-year options.

Strategic Location: The site is directly across from the 224,530-square-foot North Summit Square shopping center, which is anchored by Sam’s Club and shadow-anchored by Lowe’s Home Improvement. The Oak Summit shopping center (142,306 SF) is located just a half-mile north of the site and features Walmart Supercenter, Marshalls, Ross Dress for Less, PetSmart, Hibbett Sports, Five Below, Dollar Tree, Sally Beauty, Cato, Rainbow, GameStop and Great Clips. Additional synergies in the surrounding area include The Home Depot, Target, ALDI, Big Lots, Hampton Inn (94 rooms), The Grand Theatre, Chevrolet and Nissan dealerships, Shoe Dept., Sherwin-Williams, Mattress Firm, Chili’s Grill & Bar, Applebee’s Grill & Bar, McAllister’s Deli, Chick-fil-A, McDonald’s, Zaxby’s, Starbucks, Wendy’s, Burger King, Arby’s, Taco Bell, Cook Out, Bojangles, IHOP, Jersey Mike’s Subs and Sheetz, among many others.

Less than 5 Miles from Wake Forest University: The property is less than 5 miles north of the 340-acre Wake Forest University campus, which serves nearly 9,000 students and ranks #47 in ‘Best National Universities’, according to U.S. News & Report (2024).