2825 Reynolda Road
2825 Reynolda Road Winston-Salem NC 27106
- Lease TypeAbsolute NNN
- Price$5,205,000
- Acres2.23
15-Year Absolute NNN Lease
The Fuel Fitness property is an exciting investment sale opportunity in a well-positioned area of the Triad with strong demographics. With locations in Durham, Mooresville, Wilmington, Wilson, and Winston-Salem, Fuel Fitness has established its brand as the “up and coming” regional fitness destination in North Carolina. This investment is structured with an Absolute Net Lease with the tenant paying all maintenance, repairs, and service expenses throughout the life of the lease. The facility has adequate parking (170 spaces) with overflow spaces available at the adjacent Harris Teeter grocery store.
Broker:
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Will Blackwell, SIOR
Email
Details
Property Information
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Property Type
Investment
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Building SF
28,839
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Year Built
1972
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Acres
2.23
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Year Renovated
2022
Pricing & Terms
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Price
$5,205,000
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Lease Type
Absolute NNN
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NOI
$359,050
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Cap Rate (Actual)
6.90%
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Comments
The Fuel Fitness property is an exciting investment sale opportunity in a well-positioned area of the Triad with strong demographics. With locations in Durham, Mooresville, Wilmington, Wilson, and Winston-Salem, Fuel Fitness has established its brand as the “up and coming” regional fitness destination in North Carolina. This investment is structured with an Absolute Net Lease with the tenant paying all maintenance, repairs, and service expenses throughout the life of the lease. The facility has adequate parking (170 spaces) with overflow spaces available at the adjacent Harris Teeter grocery store.