Skip to main content

Drug Store

Walgreens | Absolute NNN | Large 2.03 Acre Parcel | Winston-Salem, NC

3634 Reynolda Rd, Winston-Salem, NC 27106

Listing Price: $5,068,438

Cap Rate
7.30%
Tenant Name
Walgreens
Years Remaining On Lease
4.0
Gross SF
14,500
Guarantor
Corporate Guarantee
Rentable SF
14,500
Price/Gross SF
$349.55
Lease Type
Absolute Net
Rent Per Square Feet
$25.52

Investment Overview

Marcus & Millichap is pleased to present for sale this Walgreens Pharmacy
Store located at 3634 Reynolda Road in Winston-Salem, North Carolina.
Winston-Salem is a city in and the county seat of Forsyth County, North
Carolina with a population over 249,545 making it the fifth-most populous
city in North Carolina. It is part of the Winston-Salem Metropolitan Area with
a population over 695,630. Winston-Salem is the location of the corporate
headquarters of HanesBrands, Inc., Lowes Foods Stores, Quality Oil Company
Reynolds American (R.J. Reynolds Tobacco Company), Reynolda Manufacturing
Solutions, TW Garner Food Company, Blue Rhino, and Wachovia.
Numerous apartment complexes surround this Walgreens Property including
Providence Pointe Apartments, The Flats at Salem Apartment Homes, Bethabara
Pointe, The Enclave at Winston-Salem, Crowne Park, Corners at Crystal Lake,
Crowne Oaks Apartments, Mill Creek Flats, Crowne Polo and Alaris Village
Apartments.
Several brand new home developments have sprung up in the area of this
Walgreens including Keystone Homes-Wyngate Villages, Magnolia Park by
Arden Homes and True Homes Gatehouse Terrace.
Colleges and universities nearby this Walgreens include Mount Eagle College,
Wake Forest University School of Business (8,950 Enrolled Students), Carolina
Christian College, Grace Baptist Bible College, Forsyth Technical Community
College (11,477 Enrolled Students) and IMG College.
Shopping centers nearby include Oldtown Shopping Center, Pine Ridge Plaza,
Reynolda Manor Shopping Center, University Plaza Shopping Center, Peters
Plaza Shopping Center, Robinhood Shopping Center, Plaza North Shopping
Center, and Whitaker Square.
Walgreens Boots Alliance (Nasdaq:WBA) is an integrated healthcare, pharmacy
and retail leader serving millions of people each day. Walgreens is a trusted
global innovator in retail pharmacy with more than 12,500 locations in the
United States, Europe and Latin America. Walgreens employs over 331,000
people and its portfolio of consumer brands includes Walgreens, Boots, Duane
Reade and No7 Beauty.

Investment Highlights

  • Walgreens Corporate Guarantee (NYSE: WBA)
  • Located at 3634 Reynolda Road in Winston-Salem, North Carolina (Population 249,545) & Part of the Winston-Salem Metropolitan Area (Population 695,630) Home to Corporate Headquarters of HanesBrands
  • Brand New Home Developments in the Area Include Keystone Homes- Wyngate Village, Magnolia Park by Arden Homes, & True Homes- Gatehouse Terrace
  • Colleges & Universities Nearby Include Forsyth Technical Community College (11,477 Enrolled Students), Wake Forest University School of Business (8,950 Enrolled Students), Mount Eagle College, Carolina Christian College and IMG College
  • Shopping Centers Nearby Include Oldtown Shopping Center, Pine Ridge Plaza, Reynolda Manor Shopping Center, University Plaza Shopping Center and Whitaker Square
  • Walgreens is a Trusted Global Innovator in Retail Pharmacy With 12,500 Locations in the United States, Europe and Latin America with Consumer Brands Including Walgreens, Boots, Duane Reade, and No7 Beauty

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Drug Store

Walgreens | Absolute NNN | Large 2.03 Acre Parcel | Winston-Salem, NC

Listing Price: $5,068,438

Cap Rate
7.30%
Tenant Name
Walgreens
Years Remaining On Lease
4.0
Gross SF
14,500
Guarantor
Corporate Guarantee
Rentable SF
14,500
Price/Gross SF
$349.55
Lease Type
Absolute Net
Rent Per Square Feet
$25.52

Investment Highlights

  • Walgreens Corporate Guarantee (NYSE: WBA)
  • Located at 3634 Reynolda Road in Winston-Salem, North Carolina (Population 249,545) & Part of the Winston-Salem Metropolitan Area (Population 695,630) Home to Corporate Headquarters of HanesBrands
  • Brand New Home Developments in the Area Include Keystone Homes- Wyngate Village, Magnolia Park by Arden Homes, & True Homes- Gatehouse Terrace
  • Colleges & Universities Nearby Include Forsyth Technical Community College (11,477 Enrolled Students), Wake Forest University School of Business (8,950 Enrolled Students), Mount Eagle College, Carolina Christian College and IMG College
  • Shopping Centers Nearby Include Oldtown Shopping Center, Pine Ridge Plaza, Reynolda Manor Shopping Center, University Plaza Shopping Center and Whitaker Square
  • Walgreens is a Trusted Global Innovator in Retail Pharmacy With 12,500 Locations in the United States, Europe and Latin America with Consumer Brands Including Walgreens, Boots, Duane Reade, and No7 Beauty

Investment Overview

Marcus & Millichap is pleased to present for sale this Walgreens Pharmacy Store located at 3634 Reynolda Road in Winston-Salem, North Carolina. Winston-Salem is a city in and the county seat of Forsyth County, North Carolina with a population over 249,545 making it the fifth-most populous city in North Carolina. It is part of the Winston-Salem Metropolitan Area with a population over 695,630. Winston-Salem is the location of the corporate headquarters of HanesBrands, Inc., Lowes Foods Stores, Quality Oil Company Reynolds American (R.J. Reynolds Tobacco Company), Reynolda Manufacturing Solutions, TW Garner Food Company, Blue Rhino, and Wachovia. Numerous apartment complexes surround this Walgreens Property including Providence Pointe Apartments, The Flats at Salem Apartment Homes, Bethabara Pointe, The Enclave at Winston-Salem, Crowne Park, Corners at Crystal Lake, Crowne Oaks Apartments, Mill Creek Flats, Crowne Polo and Alaris Village Apartments. Several brand new home developments have sprung up in the area of this Walgreens including Keystone Homes-Wyngate Villages, Magnolia Park by Arden Homes and True Homes Gatehouse Terrace. Colleges and universities nearby this Walgreens include Mount Eagle College, Wake Forest University School of Business (8,950 Enrolled Students), Carolina Christian College, Grace Baptist Bible College, Forsyth Technical Community College (11,477 Enrolled Students) and IMG College. Shopping centers nearby include Oldtown Shopping Center, Pine Ridge Plaza, Reynolda Manor Shopping Center, University Plaza Shopping Center, Peters Plaza Shopping Center, Robinhood Shopping Center, Plaza North Shopping Center, and Whitaker Square. Walgreens Boots Alliance (Nasdaq:WBA) is an integrated healthcare, pharmacy and retail leader serving millions of people each day. Walgreens is a trusted global innovator in retail pharmacy with more than 12,500 locations in the United States, Europe and Latin America. Walgreens employs over 331,000 people and its portfolio of consumer brands includes Walgreens, Boots, Duane Reade and No7 Beauty.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

MM Texture Background
MM Textured Background Lower