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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.

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

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Drug Store

Walgreens

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

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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