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Piedmont Advantage Credit Union

$1,550,000

5610 University Parkway, Winston-Salem, NC 27105

Active
Last Updated: 09/15/2025

5.75

Cap Rate

89,100

NOI

Details:
Cap Rate:    5.75%
NOI:    $89,100
Lot Area:    43,560 sqft
Lease Type:    Absolute Net
Year Built:    1988
Tenancy:    Single
Year Last Renovated:    2025
Highlights:
  • Piedmont Advantage Credit Union had $351 million in deposits, $395 million in assets, and $20.6 million in equity capital at the end of Q1 2025
  • New 12-year absolute NNN lease featuring 2% annual rent increases and two (2), 4-year options
  • Zero landlord maintenance or expense obligations
  • Located on University Parkway (33,146 VPD), close to Wake Forest University (3 miles)
  • Adjacent to ALDI, Discount Tire and North Forsyth High School, across from the Grand Winston-Salem (IMAX) theater and surrounded by office buildings, hotels, retail and residential neighborhoods
  • Close to Walmart Supercenter, Target, Chipotle, Aspen Dental, Lowe’s, Home Depot, Sam’s Club, Jiffy Lube, Subway, Wendy’s and auto dealerships
Description:

A newly renovated relocation site for Piedmont Advantage Credit Union (PACU) which had $351 million in deposits at the end of Q1 2025, and is headquartered in Winston-Salem. PACU is adjacent to ALDI on University Parkway, a main retail thoroughfare with 33,146 VPD. Located in the fast-growing Winston-Salem market with 104,340 residents in a 5-mile radius of the subject property.

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Documents:
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PiedmontAdvantageCreditUnion_WinstonSalemNC.pdf
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