Absolute NNN Lease Walgreens | 3793 Guess Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Absolute NNN Lease Walgreens 3793 Guess Rd
10,513 SF Retail Building Durham, NC 27705 $5,287,500 ($503/SF) 8% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Corporate Guarantee - NASDAQ:WBA
- Strong Surrounding Demographics
- Zero Landlord Obligations
- Hard Corner Location with Excellent Ingress & Egress Points
Executive Summary
This is the opportunity to purchase an absolute NNN leased Walgreens
in Durham, NC. The property is situated on 1.3 acres and consists of a
10,513 square-foot building. The lease calls for zero landlord obligations
and is corporately guaranteed by Walgreens. Beyond the initial term,
tenant has fifty (50) years of options with 12 month cancellation rights.
The property is well located with strong surrounding demographics.
There are over 120,000 people living within a 5-mile radius of the
property. The property is located on a major commercial thoroughfare
and neighboring retailers include Dollar Tree, Food Lion, Ollie's Bargain
Outlet, Starbucks and many others.
in Durham, NC. The property is situated on 1.3 acres and consists of a
10,513 square-foot building. The lease calls for zero landlord obligations
and is corporately guaranteed by Walgreens. Beyond the initial term,
tenant has fifty (50) years of options with 12 month cancellation rights.
The property is well located with strong surrounding demographics.
There are over 120,000 people living within a 5-mile radius of the
property. The property is located on a major commercial thoroughfare
and neighboring retailers include Dollar Tree, Food Lion, Ollie's Bargain
Outlet, Starbucks and many others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,513 SF
Building Class
B
Year Built
2009
Price
$5,287,500
Price Per SF
$503
Cap Rate
8%
NOI
$423,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Land Acres
1.33 AC
Zoning
SC
Parking
48 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
64 FT on Guess Rd
Amenities
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 173224 | Improvements Assessment | $5,232,701 |
| Land Assessment | $797,210 | Total Assessment | $6,029,911 |
PROPERTY TAXES
Parcel Number
173224
Land Assessment
$797,210
Improvements Assessment
$5,232,701
Total Assessment
$6,029,911
-
Power Broker Jacob Abusharkh -
Power Broker Jeff Bracco -
The Kase Group
1 of 25
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Absolute NNN Lease Walgreens | 3793 Guess Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.