Drug Store

Walgreens (Dark)

408 Beaman St, Clinton, NC 28328

Listing Price: $2,590,200

Cap Rate
12.00%
Tenant Name
Walgreens
Years Remaining On Lease
3.90
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$21.45

Investment Overview

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of August 31, 2019, the company operated 9,277 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois. Clinton is a city and the county seat of Sampson County, North Carolina. The city's estimated 2018 population was just over 8,500 people. Within easy commuting distance of Fayetteville and Fort Bragg, Raleigh and the Research Triangle, and Wilmington and the beaches, Clinton residents have the benefits of many cultural, economical, and recreational offerings while still enjoying life in a smaller community.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 4 Years Remaining on Lease Term
  • 18,084 Residents within a 5-Mile Radius
  • Households Projected to Increase 3%+ in Immediate Area by 2024
  • Signalized Hard Corner Location, Visible to 11,200+ Cars/Day at the Intersection of Beaman Street & East Johnson Street/Balsey Street
  • Average Household Income Exceeds $59,000 within 5 Miles of the Subject Property

Exclusively Listed By

Listing Price: $2,590,200

Cap Rate
12.00%
Tenant Name
Walgreens
Years Remaining On Lease
3.90
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$21.45

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 4 Years Remaining on Lease Term
  • 18,084 Residents within a 5-Mile Radius
  • Households Projected to Increase 3%+ in Immediate Area by 2024
  • Signalized Hard Corner Location, Visible to 11,200+ Cars/Day at the Intersection of Beaman Street & East Johnson Street/Balsey Street
  • Average Household Income Exceeds $59,000 within 5 Miles of the Subject Property

Investment Overview

Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of August 31, 2019, the company operated 9,277 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois. Clinton is a city and the county seat of Sampson County, North Carolina. The city's estimated 2018 population was just over 8,500 people. Within easy commuting distance of Fayetteville and Fort Bragg, Raleigh and the Research Triangle, and Wilmington and the beaches, Clinton residents have the benefits of many cultural, economical, and recreational offerings while still enjoying life in a smaller community.

Exclusively Listed By

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