$6,964,500 USD
703-477-1315
1670 Martin Luther King Jr Blvd
Chapel Hill, NC 27514
Chapel Hill North
HIGHLIGHTS
- Absolute NNN Lease | Operating since 2016 | Fifty-Five, One-Year Renewal Options
- Strong Performer | Above Average Sales
- Excellent Access & Visibility Along MLK Jr Boulevard (23,000 VPD) | Feet from Signalized Intersection with Weaver Dairy Road (15,000 VPD)
- Less Than 1 Mile to I-40 (73,500 VPD) - providing access to Raleigh, Greensboro, Durham & Winston-Salem
- Strategic Location | Part of the 3.29 AC Weaver Crossing Center with UNC Health
- Less than 4 Miles from UNC Chapel Hill
OVERVIEW
The CBRE Net Lease Property Group is pleased to offer for sale the 15,990-square-foot Walgreens situated on 1.52 acres in Chapel Hill, North Carolina (MSA Population: 620,668). Operating since 2016, Walgreens’ absolute NNN lease features ±10.7 years of term remaining and fifty-five, one-year renewal options.
FOR SALE DETAILS
PRICE
$6,964,500 USD
PRICE/SF
$436 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens: Chapel Hill, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
46
LAND DETAILS
LAND ACRES
1.52 AC
LAND SF
66,211 SF
ZONING
Commercial
APN/PARCEL ID
9880351310
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703-477-1315
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703-477-1315
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