thank you
Your email has been sent.
Verizon 1990 S Stratford Rd 4,946 SF Retail Building Winston-Salem, NC 27103 $3,278,000 ($662.76/SF) 6.25% Cap Rate
EXECUTIVE SUMMARY
High Traffic Location: This property ranks in the 87th percentile for annual foot traffic among Verizon stores nationwide and in the 89th percentile among Verizon locations across North Carolina (Placer.ai).
Long Term Tenant Commitment: Verizon has demonstrated a strong commitment to this location, executing two early lease renewals over their 13 year occupancy, signaling long-term operational stability.
Prime Retail Corridor: Perfectly positioned on S Stratford Road (±39,000 VPD) with secondary access from Hanes Mall Blvd (±28,500 VPD), the property is surrounded by top national retailers including Costco, Sam’s Club, Chick-fil-A, Lowe’s, Home Depot, Academy Sports, Target, PetSmart, Best Buy, and more.
High-Demand Retail Market: 7.2 million square feet of retail in the immediately surrounding retail corridor, coupled with Winston Salem’s low retail vacancy rate of just 2.7% (CoStar, Q3 2025), highlight the corridor’s strong tenant demand and market fundamentals.
Excellent Interstate Access: Located less than 0.25 miles from I-40 (±95,000 VPD), the property offers outstanding access and visibility, enhancing customer convenience and tenant performance.
Major Economic Growth Driver: JetZero’s recently announced $4.7 billion manufacturing investment at nearby Piedmont Triad International Airport is expected to generate over 14,000 new jobs in the region over the next decade, driving sustained market growth.
Long Term Tenant Commitment: Verizon has demonstrated a strong commitment to this location, executing two early lease renewals over their 13 year occupancy, signaling long-term operational stability.
Prime Retail Corridor: Perfectly positioned on S Stratford Road (±39,000 VPD) with secondary access from Hanes Mall Blvd (±28,500 VPD), the property is surrounded by top national retailers including Costco, Sam’s Club, Chick-fil-A, Lowe’s, Home Depot, Academy Sports, Target, PetSmart, Best Buy, and more.
High-Demand Retail Market: 7.2 million square feet of retail in the immediately surrounding retail corridor, coupled with Winston Salem’s low retail vacancy rate of just 2.7% (CoStar, Q3 2025), highlight the corridor’s strong tenant demand and market fundamentals.
Excellent Interstate Access: Located less than 0.25 miles from I-40 (±95,000 VPD), the property offers outstanding access and visibility, enhancing customer convenience and tenant performance.
Major Economic Growth Driver: JetZero’s recently announced $4.7 billion manufacturing investment at nearby Piedmont Triad International Airport is expected to generate over 14,000 new jobs in the region over the next decade, driving sustained market growth.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,946 SF
Building Class
C
Year Built
2012
Price
$3,278,000
Price Per SF
$662.76
Cap Rate
6.25%
NOI
$204,820
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.46 AC
Parking
31 Spaces (6.27 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6814-24-4879 | Improvements Assessment | $929,700 |
| Land Assessment | $629,900 | Total Assessment | $1,559,600 |
PROPERTY TAXES
Parcel Number
6814-24-4879
Land Assessment
$629,900
Improvements Assessment
$929,700
Total Assessment
$1,559,600
CONTACTS
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Beau McIntosh -
Lawrence Myers -
NAI Earle Furman LLC
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Verizon | 1990 S Stratford Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.