11.21% CAP Rate, Triple Net Lease Walgreens (DARK) - Reposition Opportunity in North Carolina!
$1,800,000
SOLD
Call for Details
*****, NC
Absolute Net Lease, zero landlord responsibilities. Lease guaranteed through 12/29/2023.
10,908 sq.ft. building situated on 1.56 acres of land.
Prototypical freestanding building with drive-thru.
Site is located 80 miles from Raleigh & 85 Miles from Richmond, VA.
Excellent points of ingress and egress from both directions.
Neighboring National Tenants Include: Walmart Supercenter, McDonald’s, Walgreens, Cracker Barrel,
Lowe’s, Starbucks, Burger King, Food Lion, and more.
INVESTMENT SUMMARY:
List Price: $1,800,000
NOI: $201,773
Cap Rate: 11.21%
Price / SF: $165.02
Building Size: 10,908 SF
Land Acreage: 1.56 Acres
Year Built: 1999
LEASE SUMMARY:
Lease Type: Absolute Net
Taxes / CAM / Insurance: Tenant Responsibility
Roof / Structure: Tenant Responsibility
Original Lease Term: 25 Years
Term Remaining: 2.5 Years
Commencement Date: 12/29/1998
Term Expiration: 12/29/2023
Increases: N/A
Guarantor: Walgreens Co.