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Former Walgreens - Reposition Opportunity in NC, Currently at a GUARANTEED 10.88% CAP Rate



$2,200,000

FOR SALE

Call for Details

****, NC

  • INVESTMENT SUMMARY:
    NOI: $239,271
    Current CAP Rate 10.88%
    Price / SF: $201.69
    Building Size: 10,908 SF
    Land Acreage: 1.12 Acres
    Year Built: 2006
  • LEASE SUMMARY:
    Lease Type: Absolute Net
    Taxes / CAM / Insurance: Tenant Responsibility
    Roof / Structure: Tenant Responsibility
    Original Lease Term: 20
    Term Remaining: 6 Years
    Commencement Date: 04/07/2006
    Term Expiration: 04/06/2026
    Guarantor: Walgreens Corporate Guarantee
  • Lease Guaranteed by Walgreen's Corporate Entity - Paid Through 04/06/2026.
  • Absolute Net Lease
  • Zero Landlord Responsibilities.
  • Prototypical Freestanding Building with Drive-Thru
  • Subject Site is an Outparcel to Piggly Wiggly.
  • Neighboring National Retailers Include: Piggly Wiggly, Walmart Supercenter, Belk, Tractor Supply, Ace Hardware, Dunkin Donuts, Advance Auto Parts, Dollar Tree, McDonald’s, Taco Bell, Subway, Walgreens, and more.

Documents

 
No Documents for this Property


  • Sale Comps $0K - $0K
  • Property Type Commercial
  • Location ****, NC 0
  • Size 10908 sq. ft.
  • Bedrooms 0
  • Bathrooms 0
  • TAV 0K
  • Annual Taxes $0
  • Year Built 2006

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