1114 Brawley School Rd - Freestanding FOR SALE


Mooresville, NC 28117
$5,792,593 USD
929-229-2614
1114 Brawley School Rd, Mooresville, NC for Sale
$5,792,593 USD
Freestanding - FOR SALE
1/8
null | 6.75% Cap Rate

1114 Brawley School Rd
Mooresville, NC 28117


HIGHLIGHTS

  • Over 9 years remain on an absolute NNN lease with zero landlord responsibilities | Strong sales well above the national average
  • This Walgreens sees over 297,000 annual visitors, placing it in the top 69th percentile in North Carolina and 72nd percentile within a 15-mile radius
  • Located in Mooresville at Lake Norman, a wealthy lake community 30 miles from Charlotte
  • Several large, high-end multi-family developments happening in the immediate submarket, including adjacent to the site
  • Outparcel to a highly ranked Food Lion-anchored center, with strong co-tenants like McDonald’s, Ace Hardware, and United Community Bank
  • The area boasts above-average income levels, with an average household income of $165,654 within 3-mile radius

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Walgreens investment property located within the Charlotte MSA in North Carolina. The tenant, Walgreens, has over 9 years remaining on the current lease term with a corporate guaranty, demonstrating their ongoing commitment to the site. The lease structure is absolute NNN with zero landlord responsibilities, as the tenant is responsible for all expenses including CAM, taxes, insurance, and maintenance, making it an ideal, management-free investment opportunity, especially attractive for out-of-state investors seeking passive income. The Walgreens is strategically located within a Food Lion anchored shopping center in a high-visibility outparcel position with excellent frontage and access. Neighboring tenants include McDonald’s, Ace Hardware, and United Community Bank, promoting strong cross-shopping synergy and consistent consumer traffic to the center. According to Placer.AI data, the location sees over 297,000 annual visitors, ranking in the top 55th percentile nationally, the 69th percentile in North Carolina, and the 72nd percentile within a 15-mile radius. The property further benefits from its location within the Charlotte MSA, one of the fastest-growing metropolitan areas in the United States, home to a population exceeding 2.8 million and major employers such as Bank of America, Truist, and Wells Fargo. The 5-mile trade area is supported by a population of over 66,000 residents and more than 30,000 daytime employees, with an average household income of $165,654 within a 3-mile radius, significantly above the national average.

FOR SALE DETAILS

PRICE

$5,792,593 USD

PRICE/SF

$391 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,336 SF

ZONING

CMX-Commercial mix

APN/PARCEL ID

4636-47-1624.000

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.