115 W Main St - Drug Store FOR SALE
Beulaville, NC 28518 |
$2,850,000 USD
407-913-9009
115 W Main St
Beulaville, NC 28518
HIGHLIGHTS
- Absolute NNN lease with 11.5+ years remaining.
- Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
- Walgreens is S&P Rated BBB- providing long-term security.
- Walgreens is the only competition in town and the nearest drug store is over 11 miles away.
OVERVIEW
WELL SITUATED: Positioned near the signalized intersection of W Main St & S Jackson St which has a combined traffic count of ~25,000 VPD.
STRONG RETAIL TRADE AREA: Located on the main throughfare of Beulaville within close proximity to other national tenants such as McDonald’s, Pizza Hut, Hardee’s, AutoZone, and Advance Auto Parts.
FOR SALE DETAILS
PRICE
$2,850,000 USD
PRICE/SF
$197 USD /SF
CAP RATE
7.66%
% 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
1900
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
0.34 AC
LAND SF
15,000 SF
ZONING
HB
APN/PARCEL ID
07-277
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407-913-9009
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407-913-9009
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