Commercial Real Estate North Carolina

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100% Absolute NNN Walmart Supercenter 
Recently Exercised 5-year Renewal
Investment Highlights

  • $23,396,000 (6.00% cap)
  • $1,403,777 NOI
  • 20+ Year Occupancy History
  • Recent 5 Year Option Exercised
  • 100% Absolute Triple Net
  • Recent Capital Investment by Tenant (Walmart Pickup)
  • 205k SF Supercenter Prototype
  • 23+ acre lot with ~1,000 parking
  • High Performing Store - Inquire with broker for details
Location Highlights

  • #1 store (by population)*
  • #1 store (by HH income)*
  • #1 store in Triad (by traffic count)
  • Hanes Mall Blvd. corridor is experiencing significant new hotel, retail and multifamily development
  • Closest Walmart Supercenter to downtown Winston-Salem
  • Triad has population of 1.6M
  • Generational Asset / Location
Opportunity: Pegasus Investments, as exclusive investment sale advisor to seller, is pleased to offer a generational opportunity to acquire a highly seasoned single tenant Walmart Supercenter situated on ~23.5 acres of prime, infill land along Hanes Mall Blvd. at I-40 within the commercial heart of Winston-Salem, North Carolina. After more than 20 years of successful historical occupancy, Walmart recently exercised its first of six, 5-year renewal options extending the current term maturity to August 2022. The subject property is 100% leased on an absolute triple net (NNN) basis to Walmart - the world’s largest company by revenue as well as the world’s largest private employer with revenue approaching $500 billion annually and 2.3 million employees, respectively. The subject Walmart Supercenter is reportedly one of the highest grossing stores in the region and has cemented its foothold as a mission critical store serving southwest Winston-Salem.

Location: Walmart’s success is largely attributable to its strategic, irreplaceable location at the confluence of Winston-Salem’s most critical traffic corridors: I-40, Hanes Mall Blvd., and SR-421 which carry combined average traffic counts in excess of 130,000 cars daily. Winston-Salem is the largest city by population within the Triad, which is the north-central region of North Carolina with an estimated population of more than 1.6 million people (33rd largest CSA metro in the U.S.). The Hanes Mall Blvd. corridor adjacent to the Walmart is experiencing significant growth including new hotel, multifamily, and retail development. The Hanes Mall corridor contains more than 5 million square feet of existing and newly built high quality retail, office, hospitality and multifamily property and is considered the #1 commercial corridor in the Triad.
Brad Kritzer
Executive Vice President

(310) 691-1350 x106
BRE Lic 01918111
David B. Chasin
Managing Director
(310) 691-1350 x101
BRE Lic 01513027
Daylin Ackerman
(310) 691-1350 x114
BRE Lic 02011508
Tony Veiller
Senior Analyst
(310) 691-1350 x113
BRE Lic 01995952
Pegasus Investments Real Estate Advisory Inc. | BRE License Number 01961545
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