205 Salisbury Ave - Drug Store FOR SALE


Albemarle, NC 28001
$2,910,667 USD
617-239-3600
205 Salisbury Ave, Albemarle, NC for Sale
$2,910,667 USD
Drug Store - FOR SALE
1/3
null | 8.25% Cap Rate

205 Salisbury Ave
Albemarle, NC 28001


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Walgreens located at 205 Salisbury Avenue in Albemarle, NC. The offering is 14,591 SF and sits atop 1.95 acres along Salisbury Avenue and North Depot Street, collectively seeing over 6,000 Vehicles per Day. The subject property is located just 40 miles from Charlotte. Walgreens executed a long-term Abs NNN lease with rent commencing in July 2008. The primary lease term for Walgreens expires July 2028. Walgreens lease is corporately guaranteed and calls for no landlord responsibilities

FOR SALE DETAILS

PRICE

$2,910,667 USD

PRICE/SF

$199 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

C

APN/PARCEL ID

6548-01-28-1283

ASK ABOUT THIS PROPERTY

Danny GriffinAtlantic Capital PartnersMore Info
617-239-3600

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Danny GriffinAtlantic Capital PartnersMore Info
617-239-3600

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