201 Hillsboro St
Oxford, NC 27565

The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are fifteen (15.4) years remaining on the lease term. The lease is corporately guaranteed by Walgreen Co., a global pharmacy retailer with more than 9,630 locations. Oxford is home to the largest manufacturing facility of Revlon, the global cosmetics and beauty care products company. The facility opened in 1986 and employs over 1,300 people. In 2017, Revlon announced its plans to invest $16 million to expand the plant, which is located just 6 minutes away from the subject property. Oxford is home to international giants like Revlon, Certain-Teed, Bridgestone- Bandag and Ideal Fastener as well as a number of smaller national, international and local corporations who have industrial plants within the city limits. The City is partnering with Granville County to create opportunities for continued industrial growth with both existing and new industries. There are 13,992 residents located in the five (5) mile demographic ring. The average household income in the five (5) mile demographic ring is $63,529. The property is situated on the hard-signalized corner of Hillsboro St. & Broad St., which report combined traffic counts of 14,000 cars per day. Walgreens is surrounded by several popular retailers including AutoZone, Family Dollar, NAPA Auto Parts and PNC Bank, among others. This Walgreens location is the only one serving Oxford; the next closest Walgreens is 10.6 miles away. The subject property is located just 30 miles (32 minutes) from Duram, and 40 miles (60 minutes) from Raleigh.