This property has sold.

Details: Retail

Asking Price: $1,375,000

Asking Cap Rate: 6.00%

Year Built: 2010

NOI: $82,500

SOLD – Lowes Foods Fuel Center

180 NC-801, Bermuda Run, NC 27006


  • Ground Lease providing landlord with low-risk lease structure and zero landlord responsibilities
  • Structure built in 2010, outparcel to recently renewed Lowe’s Foods grocer
  • Recent option exercise following 12-year initial lease term, showing commitment to location
  • Inflation protected with 10% rental increases in each of final three 5-year options
  • Situated across the street from the primary hospital system (Atrium Health) in the area giving the location a stable flow of daytime traffic
  • Lowe’s Fuel is the first gas station off Interstate 40 which carries traffic counts of 46,000 VPD
  • Extreme loyalty to Lowes Foods throughout the Carolinas


  • Bermuda Run is one of the wealthiest submarkets of Winston Salem
  • Brand new Chick fil A under development on adjoining parcel which will drive further traffic to the fuel center
  • High occupancy levels in the immediate area; submarket vacancy rate of only 3.9%
  • High-income ($114k 3-mile HHI) and growing population (7% year-over-year)
  • 35% of homes in the area built since 2000
  • Recession-protected workforce that is heavily weighted towards health services
  • Located within Winston-Salem market
  • One of two gas stations at this exit off Interstate 40
  • Excellent visibility from Highway 801 (16,000 VPD)
  • Dense neighborhoods to the North and South of the property

This property has sold.