2465 S New Hope Rd - Freestanding FOR SALE


Gastonia, NC 28054
$2,100,000 USD
248-702-0288
2465 S New Hope Rd, Gastonia, NC for Sale
$2,100,000 USD
Freestanding - FOR SALE
1/4
null | 7.27% Cap Rate

2465 S New Hope Rd
Gastonia, NC 28054


HIGHLIGHTS

  • Double Net Lease Structure: Limited landlord responsibilities, ensuring ease of management
  • Long-Term Commitment: Tenant has maintained operations at this location for over 26 years
  • Prime Location: Strategically positioned at the signalized intersection of S. New Hope Rd (21,500+ VPD) and Redbud Dr (18,000+ VPD)
  • Recent Capital Improvements: Brand-new roof installed in 2023, covered by a warranty
  • Strong Demographics: Household income within a 1-mile radius exceeds $77,484, with a population of over 110,000 within a 5- mile radius
  • Superior Property Features: Drive-thru equipped with ample parking, excellent visibility, and prominent frontage and signage along S. New Hope Rd.

OVERVIEW

Double Net Lease Structure: Limited landlord responsibilities, ensuring ease of management Long-Term Commitment: Tenant has maintained operations at this location for over 26 years Prime Location: Strategically positioned at the signalized intersection of S. New Hope Rd (21,500+ VPD) and Redbud Dr (18,000+ VPD), offering excellent accessibility and visibility Recent Capital Improvements: Brand-new roof installed in 2023 Strong Demographics: Household income within a 1-mile radius exceeds $77,484, with a population of over 110,000 within a 5-mile radius Superior Property Features: Drive-thru equipped with ample parking, excellent visibility, and prominent frontage and signage along S. New Hope Rd, located near I-89 with over 130,00 vehicles per day Nationally Recognized Tenant: Walgreens operates over 9,200 locations across the U.S. and is a subsidiary of Walgreens Boots Alliance (NASDAQ: WBA) High-Traffic Retail Corridor: Situated directly across from Walmart Neighborhood Market and surrounded by national retailers, including Circle K, Dunkin', Food Lion, Pizza Hut, Sherwin-Williams, and Subway

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

RET05

APN/PARCEL ID

148677

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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