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3601 Davis Dr
Morrisville, NC 27560

Walgreens | Morrisville, NC · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.16 AC
Zoning
NAC
Parking
58 Spaces (3.91 Spaces per 1,000 SF Leased)
Frontage
127 FT on Davis Dr

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

ABOUT 3601 DAVIS DR , MORRISVILLE, NC 27560

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 thirteen (13.2) years remaining on the lease term. The lease is corporately guaranteed by Walgreen Co., a global pharmacy retailer with more than 9,277 locations. There are 160,679 residents located in the five (5) mile demographic ring, and this area is projected to experience high annual growth of 2.70% over the next five (5) years. The average household income in the three (3) mile demographic ring is an affluent $147,677. The property is situated on the hard-signalized corner of Davis Dr. & Morrisville Carpenter Rd., which report strong combined traffic counts of 47,000 cars per day. The subject property is surrounded by significant big box retail, which helps drive traffic to the store. Nearby stores include Walmart Supercenter, Food Lion, Anytime Fitness, Starbucks, Jersey Mike’s, Dairy Queen, Taco Bell and McDonald’s, among many others. Morrisville is 15 miles (22 minutes) outside of Raleigh, NC and adjacent to the Research Triangle Park (RTP). RTP is the largest (7,000 acres) and one of the most prominent high-tech research and development parks in the United States. Morrisville supports a thriving retail economy and is currently home to 2.47 million square feet of retail space and 20 major retail centers. Raleigh Durham International Airport (RDU) is located just 6 miles (14 minutes) from the subject property and serves approximately 12.8 million passengers annually.

PROPERTY TAXES

  • Listing ID: 17210583

  • Date on Market: 9/16/2019

  • Last Updated:

  • Address: 3601 Davis Dr, Morrisville, NC 27560