Verizon Wireless & Krispy Kreme 5912-5914 University Pky

Investment Highlights

Less than 5 miles from Wake Forest University South of $1.74b Winston-salem northern beltway project 3.3 MSF of retail, 2.3 MSF of office, 6.6 MSF of industrial and 6,465 multifamily units within a 3-mile radius Both Verizon and Krispy Kreme have been original tenants in the 2008 development 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

Executive Summary

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 | ?6.8 Years | Rent: $177,300Krispy Kreme: 2,500 SF | ?5.6 Years | Rent: $75,625

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Storefront Freestanding
• Building Size    7,000
• Building Class    B
• Year Built    2008
• Price    3,831,500
• Price Per SF    547
• Cap Rate    6.25
• NOI    239,467
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.15
• Land Acres    1.07 AC

• Signage
• Drive Thru