1148 Asheville Hwy - Drug Store FOR SALE


Hendersonville, NC 28791
$4,687,500 USD
404-635-8859
1148 Asheville Hwy, Hendersonville, NC for Sale
$4,687,500 USD
Drug Store - FOR SALE
1/5
null | 8% Cap Rate

1148 Asheville Hwy
Hendersonville, NC 28791


HIGHLIGHTS

  • STRONG CORPORATE CREDIT
  • HARD CORNER SITE WITHIN PRIMARY CORRIDOR
  • DENSE DEMOGRAPHICS
  • TOP IN-BOUND STATE
  • ABSOLUTE NNN
  • PROXIMITY TO 222-BED HOSPITAL

OVERVIEW

Northmarq, on behalf of ownership, is pleased to offer for sale to qualified investors the 100% fee simple interest in this Walgreens property located at 1148 Asheville Hwy, Hendersonville, NC 28791 (the “Property”). There are 8 years remaining on Walgreens’ Absolute NNN lease with no landlord responsibilities, providing a passive investment opportunity. The Property benefits from a hard-corner location, ensuring high visibility and accessibility. Traffic counts exceed 28,000 vehicles per day, with strong surrounding demographics supporting retail demand. The Property is located less than half a mile from the 222-bed Pardee Hospital, a key regional medical center. The hospital features multiple nationally recognized programs and services including cancer care, emergency medicine, orthopedic surgery, primary care and more. Walgreens Boots Alliance, Inc. (NASDAQ: WBA) operates over 8,700 locations nationwide and employs more than 330,000 people across the U.S. The company generates over $147.7 billion in total revenue and holds a BB- credit rating, reinforcing its status as a stable, long-term tenant.

FOR SALE DETAILS

PRICE

$4,687,500 USD

PRICE/SF

$305 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

HC

APN/PARCEL ID

1011394

ASK ABOUT THIS PROPERTY

Jason PowellNorthmarqMore Info
404-635-8859

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Jason PowellNorthmarqMore Info
404-635-8859

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