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Drug Store

Walgreens (Dark)

1475 N Bridge St, Elkin, NC 28621

Listing Price: $2,732,715

Cap Rate
7.00%
Tenant Name
Walgreen Co.
Years Remaining On Lease
6.0
Guarantor
Corporate Guarantee
Rentable SF
14,549
Lease Type
Absolute Net
Rent Per Square Feet
$13.15

Investment Overview

The subject property is an absolute NNN leased Walgreens which is currently vacant. The site is located in Elkin, NC, and surrounded by multiple national tenants including KFC, Wells Fargo, Sheetz, Big Lots, Food Lion, Advance Auto Parts, Chick-Fil-A, Taco Bell, McDonald's, Walmart Supercenter and Lowe's. Elkin is a historical town known for its artisanal traditions, hiking, wine tasting and the renowned Blue Ridge Mountains and Yadkin River.

Investment Highlights

  • Walgreens is obligated to pay approximately $1,100,000+ for the duration of the lease term
  • 6 years remaining on Absolute NNN Lease
  • Large Parcel - 1.69 acres
  • Potential redevelopment or owner/user opportunity

Exclusively Listed By

Drug Store

Walgreens (Dark)

Listing Price: $2,732,715

Cap Rate
7.00%
Tenant Name
Walgreen Co.
Years Remaining On Lease
6.0
Guarantor
Corporate Guarantee
Rentable SF
14,549
Lease Type
Absolute Net
Rent Per Square Feet
$13.15

Investment Highlights

  • Walgreens is obligated to pay approximately $1,100,000+ for the duration of the lease term
  • 6 years remaining on Absolute NNN Lease
  • Large Parcel - 1.69 acres
  • Potential redevelopment or owner/user opportunity

Investment Overview

The subject property is an absolute NNN leased Walgreens which is currently vacant. The site is located in Elkin, NC, and surrounded by multiple national tenants including KFC, Wells Fargo, Sheetz, Big Lots, Food Lion, Advance Auto Parts, Chick-Fil-A, Taco Bell, McDonald's, Walmart Supercenter and Lowe's. Elkin is a historical town known for its artisanal traditions, hiking, wine tasting and the renowned Blue Ridge Mountains and Yadkin River.

Exclusively Listed By

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