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
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
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 0649.16-83-9487-000 | Improvements Assessment | $6,727,038 |
| Land Assessment | $726,576 | Total Assessment | $7,453,614 |
