Spire at Smith Crossing_Property for Sale
Spire at Smith Crossing_Property for Sale
1262 Solomon Dr, Kernersville, NC, 27284, US

Spire at Smith Crossing

Description

JLL, as exclusive advisor, is pleased to present for sale Spire at Smith Crossing (the "Property", the "Community", or "Spire at Smith Crossing"), a 64-home, newly built, Class A build-to-rent investment opportunity located in Kernersville, NC. Smith Crossing is a newly developed, fully stabilized single-family-detached (SFD) community located in the heart of the Triad region. The property consists of detached homes with modern finishes, private yards, and garages—offering residents a best-in-class rental lifestyle in a highly accessible suburban submarket.


Strategically positioned at the midpoint between Greensboro, Winston-Salem, and High Point, Smith Crossing captures the benefit of Triad-wide job growth, in-migration, and affordability tailwinds. The asset is located just minutes from major employers and logistics corridors, including the $4.7B JetZero manufacturing campus and Toyota's $13.9B battery plant, both driving long-term demand for quality rental housing.


With strong occupancy, attractive in-place rents, and minimal direct SFR competition in the submarket, Smith Crossing represents a rare opportunity to acquire scale in an undersupplied, high-growth BTR market. The community appeals to renters-by-choice seeking privacy, flexibility, and lifestyle within one of North Carolina's most economically dynamic regions.

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Attributes

Number of units
64
Occupancy
81%
Year built
2024

Media

Investment Highlights

  1. Premium New Construction: Single-family 4- & 5-bedroom detached homes with attached 2-car garages, featuring high-end finishes and spacious floor plans that command top market rents

  1. Strategic Central Location: Just 10 minutes from downtown with immediate access to major employers including FedEx, Honda Aircraft, and Ralph Lauren's distribution center

  1. Enhanced Connectivity: 15 minutes from Piedmont Triad International Airport, offering convenient access for business travelers and supporting the region's growing logistics sector

  1. Proven Supply-Constrained Submarket: Kernersville maintains tight vacancy rates with minimal new single-family construction, creating sustained rental demand and rent growth potential

  1. Robust Economic Growth: Triad MSA experiencing 7.5% population growth since 2020 with projected 12% job growth over the next five years, driven by manufacturing and logistics expansion

  1. Educational Excellence: Proximity to prestigious institutions including Wake Forest University, High Point University, and UNC Greensboro


Spire at Smith Crossing 4_Property for Sale
Spire at Smith Crossing 4_Property for Sale

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Last updated
6 Aug 2025