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301 N Main St
Holly Springs, NC 27540

Walgreens Abs Net $4.8M 7.5 Yrs · 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.
  • NEW HOSPITAL LOCATED 1.1 MI SOUTH - A new 50-bed UNC Health REX hospital will open to patients Fall of 2021 and is located just over a mile south.
  • ONLY WALGREENS IN 4-MI RADIUS – One of only two national brand freestanding drugstores in Holly Springs and is the only Walgreens in a 4-mile radius.
  • ABSOLUTE NET LEASE WITH OVER 7.5 YRS – Lease with 7.5 years remaining, 10 (5-yr) options and absolute net lease with no landlord responsibilities.
  • HISTORY OF STRONG STORE PERFORMANCE - Walgreens has reported strong sales with an approximate 10% increase year over year for last two years.
  • AFFLUENT HH INCOME OF $126,000 IN 5-MI RAD – Avg. HH income in 1-mi radius is $120,196, in 3-mi radius it is $128,798 and $126,617 in 5-mi radius.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.41 AC
Zoning
LB
Parking
57 Spaces (3.91 Spaces per 1,000 SF Leased)
Frontage
268 FT on Holly Springs Rd

AMENITIES

  • Signage
  • Signalized Intersection
  • Drive Thru

PROPERTY TAXES

  • Listing ID: 22425095

  • Date on Market: 3/8/2021

  • Last Updated:

  • Address: 301 N Main St, Holly Springs, NC 27540