Drug Store

Walgreens (Dark Store) | Outside Charlotte | Absolute Net Lease

Listing Price: $2,400,000

Cap Rate
13.74%
Tenant Name
Walgreen, Co. (Former Eckerd)
Years Remaining On Lease
2.80
Gross SF
14,578
Guarantor
Corporate Guarantee
Rentable SF
14,578
Price/Gross SF
$164.63
Lease Type
Absolute Net
Rent Per Square Feet
$22.62

Investment Overview

Shelby, North Carolina is 39 miles West of Charlotte and was officially incorporated in 1843. The city is the county seat of Cleveland County. Shelby is steeped with heritage, beautiful landscapes, comfortable climates, a stable economy, and more. It is the gateway between Asheville and Charlotte. The City is centered between two of the largest metropolitan areas of the Carolinas, Charlotte and Greenville/Spartanburg.

Investment Highlights

  • Absolute Net Lease. Dark Store. Walgreens Obligated to Pay Rent and Reimburse for Expenses for Remainder of Term.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner w/ Traffic Counts Exceeding 33k+ VPD.
  • Near Several National Retailers such as a Walmart Supercenter, Lowe's, ALDI, Hobby Lobby, Tractor Supply, Dollar General, OfficeMax, Lidl and many more.
  • In Close Proximity to Numerous Schools such as Cleveland Community College (2,700+ Students), Shelby High School (845+ Students) and more.

Exclusively Listed By

Drug Store

Walgreens (Dark Store) | Outside Charlotte | Absolute Net Lease

Listing Price: $2,400,000

Cap Rate
13.74%
Tenant Name
Walgreen, Co. (Former Eckerd)
Years Remaining On Lease
2.80
Gross SF
14,578
Guarantor
Corporate Guarantee
Rentable SF
14,578
Price/Gross SF
$164.63
Lease Type
Absolute Net
Rent Per Square Feet
$22.62

Investment Highlights

  • Absolute Net Lease. Dark Store. Walgreens Obligated to Pay Rent and Reimburse for Expenses for Remainder of Term.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner w/ Traffic Counts Exceeding 33k+ VPD.
  • Near Several National Retailers such as a Walmart Supercenter, Lowe's, ALDI, Hobby Lobby, Tractor Supply, Dollar General, OfficeMax, Lidl and many more.
  • In Close Proximity to Numerous Schools such as Cleveland Community College (2,700+ Students), Shelby High School (845+ Students) and more.

Investment Overview

Shelby, North Carolina is 39 miles West of Charlotte and was officially incorporated in 1843. The city is the county seat of Cleveland County. Shelby is steeped with heritage, beautiful landscapes, comfortable climates, a stable economy, and more. It is the gateway between Asheville and Charlotte. The City is centered between two of the largest metropolitan areas of the Carolinas, Charlotte and Greenville/Spartanburg.

Exclusively Listed By

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