2743 peters creek parkway winston-salem, nc · city, state: winston-salem, nc 27801 year built:...
TRANSCRIPT
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2743 Peters Creek ParkwayWinston-Salem, NC
NEIGHBORHOOD RETAIL CENTER
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DISCLAIMER
Every effort has been made to ensure the accuracy of the information presented but no
liability is assumed for errors or omissions. This offering is subject to prior sale, lease,
change or withdrawal without prior notice and approval of owner.
Aerial Map
28,954 VPD
78,705 VPD
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OFFERING OVERVIEW
Address: 2743 Peters Creek Pkwy
City, State: Winston-Salem, NC 27801
Year Built: 2005
Established Tenants: Hertz and Safelight
INVESTMENT OVERVIEW:
Price: $1,950,000.00
In Place Income: $174,464.90
Total S/F: 8,814 S/F
Net Operating Income: $135,456.18
Year One Cap Rate: 6.95%
Note: Hertz just renewed and expanded their
space on a new Ten-Year Lease.
PROPERTY DETAILS:
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OFFERING SUMMARY
MARKET
Winston-Salem, NC
TOTAL GLA: 8,815
Total Acreage: .67
Purchase Price/SF:
$218.45
Year Built: 2005
Deferred Maintenance: None
Property Occupancy:
100%
IN PLACE NOI:
$135,456.18
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SITE PLAN
In-Place Rent Roll | Pro Forma
Total Rent Revenue $134,797.40
Recoveries $ 39,667.50Other Income
Total Gross Income $174,464.90
Gross Expenses $ 39,008.72
Net Operating Income $ $135,456.18
Tenant: Lease Expiration Suite S/F % Rate Annual $ EXP PSF Annual Total ESCALATIONS
Safelite 10/1/2011 11/30/2026 200 4,352 49.37% $14.57 $63,389.40 $4.50 $19,584.00 $82,973.40 2% (ANNUAL)
Hertz 7/1/2007 10/31/2029 100 4,463 50.63% $16.00 $71,408.00 $4.50 $20,083.50 $91,491.50 3% (ANNUAL)
8,815 100% $15.28 $134,797.40 $4.50 $39,667.50 $174,464.90
EXPENSE BREAKDOWN PETERS CREEK COMMONS
ITEM ANNUAL PSF
INSURANCE $ 3,226.98 $ 0.37
WASTE REMOVAL $ 5,713.62 $ 0.65
PROPERTY TAXES $ 15,900.99 $ 1.80
LANDSCAPING $ 4,500.00 $ 0.51
WATER/SEWER $ 1,291.86 $ 0.15
ELECTRIC (CAM) $ 3,125.27 $ 0.35
MANAGEMENT $ 4,500.00 $ 0.51
RESERVES $ 750.00 $ 0.09
TOTAL: $ 39,008.72 $ 4.43
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Anchor Tenants
Safelight has more than 70 years of service. Safelite was founded at a single location in Wichita, Kansas in 1947 and has grown to become the largest auto glass specialist company in the United States with more than 720 locations nationwide, and now based in Columbus, OH.
From front and rear windshields to side glass, they’re proud to serve 6 million customers every year.
The Hertz Corporation, a subsidiary of Hertz Global Holdings Inc., is an American car rental company based in Estero, Florida that operates 10,200 corporate and franchisee locations internationally. As the second-largest US car rental company by sales, locations, and fleet size, Hertz operates in 150 countries, including North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East, and New Zealand. The Hertz Corporation owns Dollar and Thrifty Automotive Group—which separates into Thrifty Car Rental and Dollar Rent A Car.
Hertz Global Holdings, the parent company of The Hertz Corporation, was ranked 335th in Forbes' 2018 Fortune 500 list. As of 2018, the company has revenues of US $9.5 billion, assets of US $21.3 billion, and 38,000 employees.
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DEMOGRAPHICS
Population
1 Mile:
3 Miles:
5 Miles:
2019
5,375
61,385
142,778
Median Household Income
1 Mile: $33,363
3 Miles: $41,418
5 Miles: $40,666