1230 E Main St
Lincolnton, NC 28092
Walgreens 15 Yrs Abs NNN 6.4 CAP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens parent corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
- INPLACE FULLY AMORTIZING ASSUMABLE FINANCING - Existing financing is assumable, non-recourse, purchaser owns free & clear at end of 15 yr initial term
- ONE OF ONLY TWO DRUGSTORES IN LINCOLNTON - This Walgreens and the CVS across the street are the two national brand drugstores in Lincolnton.
- 15 YR ABSOLUTE NET LEASE - Walgreens has ±15 years remaining with 10 (5-year) options on an absolute net basis with no landlord responsibilities.
- STRATEGIC LOCATION ACROSS FROM CVS - The property is located directly across the street from a CVS making this a strategic corner for Walgreens.
- 2.9 MI TO ATRIUM HEALTH LINCOLN HOSPITAL - Atrium Health Hospital is a non profit hospital with 101 licensed beds and a 24/7 emergency department.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.73 AC
Zoning
G-B
Parking
45 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 01159 | Improvements Assessment | $3,304,493 |
| Land Assessment | $1,196,125 | Total Assessment | $4,500,618 |
