Walgreens | 121 Railroad Ave
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Walgreens 121 Railroad Ave
11,200 SF Retail Building Rutherfordton, NC 28139 $1,750,000 ($156/SF) 7.50% Cap Rate
Investment Highlights
- Strong Fundamental Real Estate with Multiple Points of Access and Attractive Curb Appeal
- Located on Hard, Signalized Corner with 23,000+ VPD
- Equipped With Ample Parking (66 Surface Spaces)
- Current Annual Rent of $11.72 PSF is Replaceable & Well Below the Chainwide Average, Improving Likelihood of Renewal
Executive Summary
For Sale
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,200 SF
Building Class
C
Year Built
2000
Price
$1,750,000
Price Per SF
$156
Cap Rate
7.50%
NOI
$131,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.60 AC
Zoning
C2
Parking
66 Spaces (5.89 Spaces per 1,000 SF Leased)
Frontage
279 FT on I-221
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1634962 | Improvements Assessment | $1,139,400 |
| Land Assessment | $354,900 | Total Assessment | $1,494,300 |
PROPERTY TAXES
Parcel Number
1634962
Land Assessment
$354,900
Improvements Assessment
$1,139,400
Total Assessment
$1,494,300
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Walgreens | 121 Railroad Ave
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