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1630 Andrews Rd
Murphy, NC 28906
Walgreens · Retail Property For Sale
PROPERTY FACTS
About 1630 Andrews Rd , Murphy, NC 28906
Stan Johnson Company, on behalf of ownership, is pleased to offer for sale to qualified investors the 100% fee simple interest in this Walgreens property located at 1630 Andrews Road, Murphy, North Carolina 28906 (the "Property"). Walgreens is operating under an Absolute NNN lease structure in which the tenant is responsible for any and all expenses relating to the Property – this is a 100% passive investment with zero landlord responsibilities whatsoever. The lease has approximately sixteen (16) years remaining in the primary term, with options for Walgreens to extend thereafter. The Property is located less than a mile away from Harrah's Cherokee Valley River Casino & Hotel. Harrah's opened in 2015, and is one of two casinos in North Carolina and the closest casino to the Atlanta MSA. Harrah's draws in over 1.5 million annual visitors to the Murphy area. The Property is also situated on two (2) hard corners with excellent visibility from US-19, and is located directly across the street from a Walmart Supercenter, Hampton Inn, and Best Western. Walgreens (NASDAQ: WBA) holds a BBB/Stable investmentgrade credit rating via S&P and boasts a current market cap of approximately $50 billion. Walgreens currently ranks #17 on the Fortune 500 list and is considered one of the most stable companies in the world.
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PROPERTY TAXES
Parcel Number | 5503-03-22-9825-000 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $5,813,280 |
PROPERTY TAXES
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Listing ID: 18218759
Date on Market: 1/17/2020
Last Updated:
Address: 1630 Andrews Rd, Murphy, NC 28906
The Retail Property at 1630 Andrews Rd, Murphy, NC 28906 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.