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Drug Store

Walgreens Sublet Family Dollar

3015 Old Hollow Rd, Walkertown, NC 27051

Listing Price: $3,328,678

Cap Rate
7.00%
Tenant Name
Walgreen Co.
Years Remaining On Lease
6.0
Guarantor
Corporate Guarantee
Rentable SF
14,461
Lease Type
Absolute Net
Rent Per Square Feet
$16.11

Investment Overview

The subject property is an absolute NNN leased Walgreens which is subleased to Family Dollar. The site is located in Walkertown, NC, and surrounded by multiple national tenants including O'Reilly Auto Parts, Roses Discount Store, Papa Johns, Hardee's, Food Lion and First National Bank. The property benefits from its prime location, at the signalized intersection of Old Hollow Road and Main Street, within walking distance to Walkertown Branch Library, Walkertown Elementary and High School.

Investment Highlights

  • 6 Years remaining on an Absolute NNN corporate lease
  • Walgreens is obligated to pay $1,300,000+ for the duration of the lease term
  • Site sub-leased to Family Dollar in 2019
  • Rare 2.62-acre parcel

Exclusively Listed By

Drug Store

Walgreens Sublet Family Dollar

Listing Price: $3,328,678

Cap Rate
7.00%
Tenant Name
Walgreen Co.
Years Remaining On Lease
6.0
Guarantor
Corporate Guarantee
Rentable SF
14,461
Lease Type
Absolute Net
Rent Per Square Feet
$16.11

Investment Highlights

  • 6 Years remaining on an Absolute NNN corporate lease
  • Walgreens is obligated to pay $1,300,000+ for the duration of the lease term
  • Site sub-leased to Family Dollar in 2019
  • Rare 2.62-acre parcel

Investment Overview

The subject property is an absolute NNN leased Walgreens which is subleased to Family Dollar. The site is located in Walkertown, NC, and surrounded by multiple national tenants including O'Reilly Auto Parts, Roses Discount Store, Papa Johns, Hardee's, Food Lion and First National Bank. The property benefits from its prime location, at the signalized intersection of Old Hollow Road and Main Street, within walking distance to Walkertown Branch Library, Walkertown Elementary and High School.

Exclusively Listed By

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