650 S Main St - Freestanding FOR SALE


King, NC 27021
$2,592,344 USD
914-403-7574
650 S Main St, King, NC for Sale
$2,592,344 USD
Freestanding - FOR SALE
1/2
null | 6.4% Cap Rate

650 S Main St
King, NC 27021


HIGHLIGHTS

  • Established Corporate Tenant – Walgreens
  • 20-Year Double Net Lease Structure
  • Attractive Price Per Square Foot

OVERVIEW

Surmount is pleased to present the exclusive listing for a Walgreens located at 650 S. Main Street, King, NC 27021. The site consists of roughly 10,908 rentable square feet of building space on an estimated 1.65-acre parcel of land. This Walgreens is subject to a 20-year Double Net (NN) lease, which commenced. The current annual rent is $165,910 and has scheduled increases of in options.

FOR SALE DETAILS

PRICE

$2,592,344 USD

PRICE/SF

$238 USD /SF

CAP RATE

6.4%

% 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

58

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

B-2

APN/PARCEL ID

599108872873

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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