840 Nc 24 27 Byp E - Drug Store FOR SALE


Albemarle, NC 28001
$3,965,000 USD
917-336-9067
840 Nc 24 27 Byp E, Albemarle, NC for Sale
$3,965,000 USD
Drug Store - FOR SALE
1/10
null | 8.5% Cap Rate

840 Nc 24 27 Byp E
Albemarle, NC 28001


HIGHLIGHTS

  • 7+ Years Remaining | Options to Extend | Established Brand
  • Absolute NNN | Fee Simple Ownership | No Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Dense Retail Corridor | Outparcel to Albemarle Crossing | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant currently has 7+ years remaining on their initial lease with 50 (1-year) options to extend, demonstrating their commitment to the site • The lease is Corporate Guaranteed • Walgreens proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico

FOR SALE DETAILS

PRICE

$3,965,000 USD

PRICE/SF

$271 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 7+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

General Commercial

APN/PARCEL ID

6558-03-23-4844

ASK ABOUT THIS PROPERTY

Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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