Absolute NNN Leased Walgreens | 4211 S NC Highway 11
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Absolute NNN Leased Walgreens 4211 S NC Highway 11
14,490 SF Retail Building Winterville, NC 28590 $6,056,250 ($418/SF) 8% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Corporate Guarantee - NASDAQ:WBA
- Well Positioned along Busy Major Commercial Thoroughfare - 32,983 VPD
- Zero Landlord Obligations
- Top 500 Walgreens store according to Placer AI
- Dense Demographics - 95,564 Residents within a 5-Mile Radius
Executive Summary
The Kase Group is pleased to present the opportunity to purchase a well
established Walgreens location in Winterville, North Carolina. The lease calls
for zero landlord obligations and corporately guaranteed by Walgreens. This
Walgreens is one of the Top 500 Walgreens stores according to Placer
AIBeyond the initial term, tenant has fifty (50) years of options with 12 month
cancellation rights. This Walgreens benefits from its position along a busy
major commercial thoroughfare with exposure to 32,983 vehicles per day
along South Memorial Drive. The site is across the Street from Pitt
Community College and neighbors major retailers including Sam's Club,
Advance Auto Parts, Chick-fil-A, UPS, Dairy Queen, McDonald's, Starbucks,
Papa Johns Pizza & many more.
established Walgreens location in Winterville, North Carolina. The lease calls
for zero landlord obligations and corporately guaranteed by Walgreens. This
Walgreens is one of the Top 500 Walgreens stores according to Placer
AIBeyond the initial term, tenant has fifty (50) years of options with 12 month
cancellation rights. This Walgreens benefits from its position along a busy
major commercial thoroughfare with exposure to 32,983 vehicles per day
along South Memorial Drive. The site is across the Street from Pitt
Community College and neighbors major retailers including Sam's Club,
Advance Auto Parts, Chick-fil-A, UPS, Dairy Queen, McDonald's, Starbucks,
Papa Johns Pizza & many more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2009
Price
$6,056,250
Price Per SF
$418
Cap Rate
8%
NOI
$484,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.30 AC
Zoning
GB
Parking
51 Spaces (3.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Nearby Major Retailers
1 of 7
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Absolute NNN Leased Walgreens | 4211 S NC Highway 11
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