Verizon Wireless | Winston-Salem, NC
6.25% CAP | Cellular Sales Franchisee - 780 Locations in 40 States
Marketing description
This offering presents the opportunity to acquire a single-tenant net leased investment property occupied by Verizon Wireless, operated by Cellular Sales, in Winston-Salem, North Carolina. The site is positioned as a freestanding outparcel to Pine Ridge Plaza, a grocery-anchored shopping center along Reynolda Road, which sees approximately 27,000 vehicles per day.
The property is located within one of Winston-Salem's most established retail corridors, surrounded by a dense concentration of national retailers, service tenants, and affluent residential neighborhoods. The 3-mile trade area includes more than 56,000 residents with average household income exceeding $105,000. Verizon has operated from this location as a high-performing store, ranking in the top 4% nationally by visits according to Placer.ai. The lease offers investors stable in-place cash flow with future upside through the remaining option term.
Investment highlights
TOP PERFORMING VERIZON LOCATION
- Top 4% nationally by visits according to Placer.ai, reflecting strong store-level traffic and consumer demand.
EXPERIENCED OPERATOR
- Operated by Cellular Sales, Verizon's largest authorized retailer, with a large national footprint and long operating history.
AFFLUENT INFILL TRADE AREA
- More than 56,000 residents within 3 miles with average household income of approximately $105,848.
OUTPARCEL TO GROCERY-ANCHORED CENTER
- Freestanding outparcel to Pine Ridge Plaza, anchored by Harris Teeter and surrounded by national retailers.
HIGH VISIBILITY RETAIL CORRIDOR
- Positioned on Reynolda Road with approximately 27,000 VPD and strong access within a dense retail node.
LOW ABSOLUTE RENT BASIS
- In-place rent of $108,900 provides an accessible price point and supports future renewal economics
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