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Drug Store

Walgreen's (Leasehold)

508 US-29, China Grove, NC 28023

Listing Price: $1,790,000

Cap Rate
8.53%
Tenant Name
Walgreen's
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
12,030
Lease Type
NNN Ground Lease
Rent Per Square Feet
$16.44

Investment Overview

This NNN Leasehold Walgreen's is an ideal opportunity to own a large corporate-backed lease in the Charlotte, North Carolina MSA (2,700,000+ Residents). The property is located along U.S. Highway 29 ( 15,500+ VPD), just off Interstate 85 (89,000+ VPD). The population exceeds 41,451 residents with average household income exceeding $64,000 (five-mile). The property is one block from the local Food Lion-anchored retail center.

Investment Highlights

  • Leasehold Interest with Nine Years Remaining on the Base Term
  • Limited Competition - Six-Miles from Nearest Nationally Recognized Pharmacy
  • Just off Interstate 85, the Primary Thoroughfare to Charlotte, North Carolina

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Drug Store

Walgreen's (Leasehold)

Listing Price: $1,790,000

Cap Rate
8.53%
Tenant Name
Walgreen's
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
12,030
Lease Type
NNN Ground Lease
Rent Per Square Feet
$16.44

Investment Highlights

  • Leasehold Interest with Nine Years Remaining on the Base Term
  • Limited Competition - Six-Miles from Nearest Nationally Recognized Pharmacy
  • Just off Interstate 85, the Primary Thoroughfare to Charlotte, North Carolina

Investment Overview

This NNN Leasehold Walgreen's is an ideal opportunity to own a large corporate-backed lease in the Charlotte, North Carolina MSA (2,700,000+ Residents). The property is located along U.S. Highway 29 ( 15,500+ VPD), just off Interstate 85 (89,000+ VPD). The population exceeds 41,451 residents with average household income exceeding $64,000 (five-mile). The property is one block from the local Food Lion-anchored retail center.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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