219 Rodney Orr Byp - Drug Store FOR SALE


Robbinsville, NC 28771
$3,594,000 USD
847-562-8500
219 Rodney Orr Byp, Robbinsville, NC for Sale
$3,594,000 USD
Drug Store - FOR SALE
1/4
null | 8% Cap Rate

219 Rodney Orr Byp
Robbinsville, NC 28771


HIGHLIGHTS

  • Over 13 years remain on the primary lease term
  • NNN lease – No landlord responsibilities
  • Successful operating history since 2013 and long-term extension in 2023 –demonstrating commitment
  • Located along Rodney Orr Bypass – 10,000 vehicles per day
  • Neighboring retailers include Ingles Market, Ace Hardware, McDonald’s, Wendy’s, Carquest, Dollar General, & several others
  • Near the “Tail of the Dragon,” a major tourist destination drawing 300,000 visitors annually

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Robbinsville, North Carolina. Walgreens has successfully operated at this location since 2013 and extended the lease with a long-term extension in 2023 demonstrating commitment. The lease is absolute triple net featuring no landlord responsibilities. The lease runs through June 2038 leaving over 13 years of term remaining. Additionally, there are eleven 5-year renewal options. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 28 for total revenue. The 9,665-square-foot building is strategically located along Rodney Orr Bypass, the primary thoroughfare in Robbinsville, which sees over 10,000 vehicles per day. The property is surrounded by major retailers, including Ingles Market, Ace Hardware, McDonald’s, Wendy’s, Carquest, and Dollar General, all of which generate consistent traffic to the area. Additionally, the site benefits from its proximity to the “Tail of the Dragon,” a popular tourist destination for car enthusiasts and bikers that attracts 300,000 visitors annually. The property is also within walking distance of Robbinsville High School and is the only national pharmacy within a 30-mile radius. Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.

FOR SALE DETAILS

PRICE

$3,594,000 USD

PRICE/SF

$359 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

2013

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

C

APN/PARCEL ID

5660-12-00-0005

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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