Walgreens | 7143 Knightdale Blvd
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Walgreens 7143 Knightdale Blvd
14,550 SF Retail Building Knightdale, NC 27545 $4,500,000 ($309/SF) 7% Cap Rate
Investment Highlights
- Signalized corner intersection | Knightdale Blvd & N Smithfield Rd
- Corporate Lease | Walgreen Co. | 8,886+ locations nationwide
- Long operating history | Leased since 2006
- Absolute Net Lease | Zero landlord responsibilities
- Outparcel to a Food Lion anchored shopping center | 55,000 SF of retail space
- Explosive population growth within a 3-mile radius | 55.13% from ’10-‘24
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Knightdale, NC. We welcome your review of this attractive investment.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
2005
Price
$4,500,000
Price Per SF
$309
Cap Rate
7%
NOI
$315,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
2.38 AC
Zoning
HB
Parking
45 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1754.09-16-8189-000 | Improvements Assessment | $5,286,151 |
Land Assessment | $1,879,566 | Total Assessment | $7,165,717 |
PROPERTY TAXES
Parcel Number
1754.09-16-8189-000
Land Assessment
$1,879,566
Improvements Assessment
$5,286,151
Total Assessment
$7,165,717
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Walgreens | 7143 Knightdale Blvd
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