Drug Store
Absolute Net Walgreens | 7% Cap in Greensboro NC MSA
1703 Freeway Dr., Reidsville, NC 27320
Listing Price: $2,861,856
Investment Overview
Subject is a Prime 13,813 Square-Foot Walgreens on a 2-Acre
Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress,
and Strategically Located on a Signalized Intersection.
Absolute NNN Lease with a 25-Year Base Term and Zero
Landlord Responsibility | Six Years Remaining and 4 x 5-Year
Options with 5% Rental Increases in Each.
Absolute Net Walgreens | 7% Cap in Greensboro NC MSA
Investment Highlights
- Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
- Established Retail Area on Reidsville Business 29 Ring Road Nearby National Retailers Include: Walmart, Lowe's, Food Lion, Bojangles, Hardee's, Taco Bell, Napa, Dollar General, and Others
- Thriving Bedroom Community with an Average Household Income of $59,877 within Five Miles of the Subject Asset, as of 2022
- Subject is 20 Miles from Downtown Greensboro with a Population of 300,000
- Robust Traffic Counts on Freeway Drive (17,640 VPD) and Vance Street (8,955 VPD) (Source: LandVision, CoStar, 2022)
- Parks and Outdoor Recreational Facilities Nearby Include: Lake Reidsville, Lake Townsend, Crooked Tree Golf Course, Bryan Park, International Civil Rights Center, Greensboro Science Center, and More
- Subject is 30 Miles from Piedmont Triad International Airport, Serving Over 1.6 Million Passengers Annually (flyfrompti.com)
Drug Store
Absolute Net Walgreens | 7% Cap in Greensboro NC MSA
Listing Price: $2,861,856
Investment Highlights
- Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
- Established Retail Area on Reidsville Business 29 Ring Road Nearby National Retailers Include: Walmart, Lowe's, Food Lion, Bojangles, Hardee's, Taco Bell, Napa, Dollar General, and Others
- Thriving Bedroom Community with an Average Household Income of $59,877 within Five Miles of the Subject Asset, as of 2022
- Subject is 20 Miles from Downtown Greensboro with a Population of 300,000
- Robust Traffic Counts on Freeway Drive (17,640 VPD) and Vance Street (8,955 VPD) (Source: LandVision, CoStar, 2022)
- Parks and Outdoor Recreational Facilities Nearby Include: Lake Reidsville, Lake Townsend, Crooked Tree Golf Course, Bryan Park, International Civil Rights Center, Greensboro Science Center, and More
- Subject is 30 Miles from Piedmont Triad International Airport, Serving Over 1.6 Million Passengers Annually (flyfrompti.com)
Investment Overview
Subject is a Prime 13,813 Square-Foot Walgreens on a 2-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Signalized Intersection. Absolute NNN Lease with a 25-Year Base Term and Zero Landlord Responsibility | Six Years Remaining and 4 x 5-Year Options with 5% Rental Increases in Each.
