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33285735
33285734

6038 UNIVERSITY PKWY, WINSTON-SALEM, NC 27105 For Sale

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$5,169,000
45 days on market
Updated 45 days ago

Firestone | Across from Walmart & Lowe’s

Details
Property Type Retail
Sub Type Auto Shop, Auto (+1)
Square Footage 6,262
Cap Rate 5.00%
NOI $258,405
Tenancy Single
Brand/Tenant Firestone
Lease Type NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Year Built 2026
Acreage 1.180
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

New 15 Yr NNN Corp Lease w/ Rent Bumps

Investment highlights

DENSE RETAIL POCKET ACROSS FROM A TOP PERFORMING WALMART & LOWE’S HOME IMPROVEMENT

• This Firestone is located in the center of a dense retail pocket surrounded by over 5M square feet of retail including Walmart, Sams Club, Lowe’s Home Improvement, Home Depot, Target, and more.

• The Walmart Supercenter and Lowe’s Home Improvement across from this Firestone are strong performers. The Walmart ranks in the top 30% in North Carolina within the chain and the Lowe’s ranks in the top 13% nationally.

• The subject property is off Highway 52 (54,500 VPD) on University Parkway (25,000 VPD). An Interstate 75 exit (45,600 VPD) is also only 3 miles away from this Firestone.

• There is 4M square feet of industrial/office space within a 1 miles radius of this Firestone including Hanes Headquarters (11,000 employees)

WINSTON SALEM, NC | PIEDMONT TRIAD REGION WITH 1.7M RESIDENTS

• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and High Point, NC.

• Winston-Salem is the second-largest municipality in the Piedmont Triad region and the fifth most populous city in North Carolina with a population of 251,350.

• Winston-Salem is home to the corporate headquarters of BB&T, Hanesbrands, Inc., Krispy Kreme Doughnuts, Inc., Lowes Foods Stores, and many more.

• Winston-Salem is also home to 6 colleges and universities including Wake Forest University.

• Medical research is a fast-growing local industry, and Wake Forest Baptist Medical Center is the largest employer in Winston-Salem.

15 YEAR NNN LEASE WITH INCREASES | CORPORATELY GUARANTEED BY BRIDGESTONE

• This new 6,262 SF Firestone sits on 1.18 acres and has 7 service bays. The store is open and rent commenced in April 2026

• Subject property has a 15 Year NNN lease corporately guaranteed by Bridgestone Ret

• The lease is absolute NNN, and the tenant is responsible for roof, structure, parking lot, taxes, insurance and utilities.There are attractive 5% rental increases every 5 years during the initial lease and each of the five, 5-year option periods.

“A” RATED INVESTMENT GRADE TENANT (BRIDGESTONE RETAIL OPERATIONS, LLC)

• The lease is guaranteed by Bridgestone, parent company of Firestone, which is the world’s largest manufacturer of tire and rubber products.

• Bridgestone/Firestone has an investment grade credit rating of “A” by S&P, giving it the highest credit rating in the autoservice sector.

• Founded in 1900 Firestone is a wholly owned subsidiary of the Bridgestone Retail Operations, LLC, which has four retail brands and over 2,200 locations nationwide.

• In 2023, Bridgestone (NYSE: BRDCY) had revenue in excess of $28.7 billion and ranked #250 on the Fortune 500 list.

Listing Contacts

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

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Loan Amount
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$258,405.00
$21,533.75/mo

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Cap Rate
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Additional Information

Name
Charles Gallagher
License
NC 351471
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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