Drug Store
Walgreens
3422 US-1, Franklinton, NC 27525
Listing Price: $3,273,000
Cap Rate
8.00%
Tenant Name
Walgreens
Years Remaining On Lease
1.6
Gross SF
11,004
Guarantor
Corporate Guarantee
Rentable SF
11,004
Price/Gross SF
$297.44
Lease Type
Absolute Net
Rent Per Square Feet
$23.80
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Walgreens in Franklinton, North Carolina.
Walgreens
Investment Highlights
- 11,004 SF Retail Drive-Thru Redevelopment Opportunity - Highway Commercial (CH3) Zoning
- Value-Add Opportunity for Single Standing or Multi Tenant Building
- Attractive Assumable Non-Recourse Debt is available; please contact broker for details
- Historically Strong Performing Location, $7.16MM in Sales During 2022 with and Average 6.07 Y-O-Y Sales Growth over the last Six Years
- Accessible from Highway 1 Capital Blvd - Major Highway that Runs the Span of North Carolina - 26,000+ VPD
Exclusively Listed By
Broker of Record
Listing Price: $3,273,000
Cap Rate
8.00%
Tenant Name
Walgreens
Years Remaining On Lease
1.6
Gross SF
11,004
Guarantor
Corporate Guarantee
Rentable SF
11,004
Price/Gross SF
$297.44
Lease Type
Absolute Net
Rent Per Square Feet
$23.80
Investment Highlights
- 11,004 SF Retail Drive-Thru Redevelopment Opportunity - Highway Commercial (CH3) Zoning
- Value-Add Opportunity for Single Standing or Multi Tenant Building
- Attractive Assumable Non-Recourse Debt is available; please contact broker for details
- Historically Strong Performing Location, $7.16MM in Sales During 2022 with and Average 6.07 Y-O-Y Sales Growth over the last Six Years
- Accessible from Highway 1 Capital Blvd - Major Highway that Runs the Span of North Carolina - 26,000+ VPD
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Walgreens in Franklinton, North Carolina.
Exclusively Listed By
Broker of Record
