1230 E Main St - Drug Store FOR SALE
Lincolnton, NC 28092 |
1230 E Main St
Lincolnton, NC 28092
HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens parent corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
- 15 YR ABSOLUTE NET LEASE - Walgreens has ±15 years remaining with 10 (5-year) options on an absolute net basis with no landlord responsibilities.
- INPLACE FULLY AMORTIZING ASSUMABLE FINANCING - Existing financing is assumable, non-recourse, purchaser owns free & clear at end of 15 yr initial term
- STRATEGIC LOCATION ACROSS FROM CVS - The property is located directly across the street from a CVS making this a strategic corner for Walgreens.
- ONE OF ONLY TWO DRUGSTORES IN LINCOLNTON - This Walgreens and the CVS across the street are the two national brand drugstores in Lincolnton.
- 2.9 MI TO ATRIUM HEALTH LINCOLN HOSPITAL - Atrium Health Hospital is a non profit hospital with 101 licensed beds and a 24/7 emergency department.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Walgreens 15 Yrs Abs NNN 6.4 CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
14550
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
01159
