533 N Main St - Drug Store FOR SALE
Troutman, NC 28166 |
$2,613,280 USD
404-923-1460
533 N Main St
Troutman, NC 28166
HIGHLIGHTS
- Strategically positioned across North Main Street from the 75,214-square-foot Troutman Village shopping center, which is anchored by Food Lion.
- The property benefits from a built-in customer base due to its location within a highly-residential area.
- 1.4 MSF of retail, 8.3 MSF of industrial and 858 multifamily units within a 5-mile radius.
OVERVIEW
CBRE is pleased to exclusively offer for sale the 11,283 SF Walgreens situated on 1.71 AC in Troutman, NC - a component of the Charlotte-Concord-Gastonia, NC-SC MSA. Originally set to expire in 2033, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.8 years of primary term remaining with eleven, 5-year options to renew.
FOR SALE DETAILS
PRICE
$2,613,280 USD
PRICE/SF
$232 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens: Troutman, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
51
LAND DETAILS
LAND ACRES
1.71 AC
LAND SF
74,488 SF
ZONING
HB
APN/PARCEL ID
4731-78-3808.000
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404-923-1460
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