321 East St | Pittsboro, NC 27312
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- LoopNet Team
321 East St
Pittsboro, NC 27312
Walgreens · Retail Property For Sale
Investment Highlights
- NEW PRICING: $4,326,584 | 6.0% cap - First rent bump in 22 months will result in avg remaining cap of 6.46%
- Best cap rate nationwide of all on-market comparable Walgreens with same lease structure
- Pittsboro is home to Chatham Park, a newly created 7,068-acre live-work-play community, which will provide 22,000 new homes
- 5% rent increases every 5 years during the primary term and twelve (12) option periods
- Absolute NNN with no landlord responsibilities
- Closest Walgreens is more than fourteen (14) miles away and the closest CVS is nearly ten (10) miles away providing very limited competition
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,280 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.38 AC
Zoning
M-1
Parking
36 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
692 FT on East Street
PROPERTY TAXES
| Parcel Number | 7847 | Improvements Assessment | $2,851,257 |
| Land Assessment | $554,667 | Total Assessment | $3,405,924 |
PROPERTY TAXES
Parcel Number
7847
Land Assessment
$554,667
Improvements Assessment
$2,851,257
Total Assessment
$3,405,924
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