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Drug Store

Walgreens | Absolute Net | Top 22% - Placer.ai | Winston-Salem, NC

3634 Reynolda Rd, Winston-Salem, NC 27106

Listing Price: $5,285,000

Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
14,500
Lease Type
Absolute Net
Rent Per Square Feet
$25.52

Investment Overview

Marcus & Millichap is pleased to bring to market Walgreens located in Winston-Salem, North Carolina.

Investment Highlights

  • Over Four Years Remaining on an Absolute Net Lease | No Landlord Responsibilities
  • 10, Five-Year Renewal Options
  • Corporately Guaranteed Lease
  • Situated on a Signalized Corner with Excellent Visibility | 25,000 Vehicles per Day Along Renolda Road | Two Points of Ingress/Egress
  • Two and a Half Miles from Wake Forest University with Over 15,000 Students and Staff | NCAA Division I Athletics
  • Located in a Dense Retail and Residential Corridor Near Multiple National Tenants Such as AutoZone, Food Lion, Advance Auto, CVS, Goodwill, Taco Bell, NAPA Auto, Bojangles, Speedway, Harris Teeter, Planet Fitness and More
  • Population Exceeds 108,000 Within Five-Miles and is Projected to Increase by 2027 | Daytime Population of Over 131,500
  • Five and a Half Miles from Downtown Winston-Salem

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Drug Store

Walgreens | Absolute Net | Top 22% - Placer.ai | Winston-Salem, NC

Listing Price: $5,285,000

Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
14,500
Lease Type
Absolute Net
Rent Per Square Feet
$25.52

Investment Highlights

  • Over Four Years Remaining on an Absolute Net Lease | No Landlord Responsibilities
  • 10, Five-Year Renewal Options
  • Corporately Guaranteed Lease
  • Situated on a Signalized Corner with Excellent Visibility | 25,000 Vehicles per Day Along Renolda Road | Two Points of Ingress/Egress
  • Two and a Half Miles from Wake Forest University with Over 15,000 Students and Staff | NCAA Division I Athletics
  • Located in a Dense Retail and Residential Corridor Near Multiple National Tenants Such as AutoZone, Food Lion, Advance Auto, CVS, Goodwill, Taco Bell, NAPA Auto, Bojangles, Speedway, Harris Teeter, Planet Fitness and More
  • Population Exceeds 108,000 Within Five-Miles and is Projected to Increase by 2027 | Daytime Population of Over 131,500
  • Five and a Half Miles from Downtown Winston-Salem

Investment Overview

Marcus & Millichap is pleased to bring to market Walgreens located in Winston-Salem, North Carolina.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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