Drug Store

Walgreens w/ Rare Rent Increases | Absolute Net Lease | Near 280-Bed General Hospital | Hard Corner

3590 Sunset Ave, Rocky Mount, NC 27804

Listing Price: $3,735,000

Cap Rate
7.50%
Tenant Name
Walgreen, Co.
Years Remaining On Lease
8.60
Gross SF
14,455
Guarantor
Corporate Guarantee
Rentable SF
14,455
Price/Gross SF
$258.39
Lease Type
Absolute Net
Rent Per Square Feet
$19.38

Investment Overview

Rocky Mount, North Carolina is about 60 miles east of Raleigh and is the principle city of the Rocky Mount metro area. In 2016, CSX transportation announced a nearly $300 million state of the art rail cargo terminal in Rocky Mount. The city is also home to North Carolina Wesleyan College and a large Pfizer production facility. Rocky Mount has received the All-America City Award from the National Civic League two times, in 1969 and 1999. Forbes ranked the city as number six for cost of doing business on its list of Best Small Places For Business And Careers in 2018.

Investment Highlights

  • Absolute Net Lease Featuring Increases at Each Option. 15+ Year Historical Occupancy Demonstrating a Strong Commitment to the Location. This Location Serves Beer / Wine and Features a Drive-Thru Pharm
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner w/ Traffic Counts Exceeding 31k+ VPD.
  • Less than 1 Mile away from Nash General Hospital - A 280-Bed General Hospital that Offers a Wide-Range of Critical Care to Residents around the Area.
  • Near Several National Retailers such as Sams's Club, Lowe's, Harris Teeter, Dollar General and many more.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Development Under Construction.
  • Walgreens is Ranked #17 on Fortune 500 List. S&P Investment Grade Credit Rating of "BBB."

Exclusively Listed By

Drug Store

Walgreens w/ Rare Rent Increases | Absolute Net Lease | Near 280-Bed General Hospital | Hard Corner

Listing Price: $3,735,000

Cap Rate
7.50%
Tenant Name
Walgreen, Co.
Years Remaining On Lease
8.60
Gross SF
14,455
Guarantor
Corporate Guarantee
Rentable SF
14,455
Price/Gross SF
$258.39
Lease Type
Absolute Net
Rent Per Square Feet
$19.38

Investment Highlights

  • Absolute Net Lease Featuring Increases at Each Option. 15+ Year Historical Occupancy Demonstrating a Strong Commitment to the Location. This Location Serves Beer / Wine and Features a Drive-Thru Pharm
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner w/ Traffic Counts Exceeding 31k+ VPD.
  • Less than 1 Mile away from Nash General Hospital - A 280-Bed General Hospital that Offers a Wide-Range of Critical Care to Residents around the Area.
  • Near Several National Retailers such as Sams's Club, Lowe's, Harris Teeter, Dollar General and many more.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Development Under Construction.
  • Walgreens is Ranked #17 on Fortune 500 List. S&P Investment Grade Credit Rating of "BBB."

Investment Overview

Rocky Mount, North Carolina is about 60 miles east of Raleigh and is the principle city of the Rocky Mount metro area. In 2016, CSX transportation announced a nearly $300 million state of the art rail cargo terminal in Rocky Mount. The city is also home to North Carolina Wesleyan College and a large Pfizer production facility. Rocky Mount has received the All-America City Award from the National Civic League two times, in 1969 and 1999. Forbes ranked the city as number six for cost of doing business on its list of Best Small Places For Business And Careers in 2018.

Exclusively Listed By

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