loader
Join Free
Views: 150 DOM: 69 Updated: 11.14.24 Posted: 09.24.24 Status: Active 09.24.24

Summary

Price $3,965,795
Built/Renov 2013
Tenant Walgreens
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,665
Lease Start 12-27-2013
#Units 13,532
Price/SF $410.33
Expiration 06-30-2038
Tenant Type Pharmacy
NOI $287,520
R. Term 13.7
Ownership Fee Simple
Rent/SF $29.75
Increases 0.0%/0/yrs
Pop 5Mi 4,970
Lot/AC 1.21
Options 11/5yrs
AHHI 5Mi $61,279

Lease Highlights

  • Walgreens has been operating in this location since 2013
  • The tenant has 13+ years remaining on the current lease term with 11 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, three-way intersection of Rodney Orr Bypass and Sweetwater Rd, the primary retail corridor, with access to a combined daily traffic count of 17,685 vehicles. Across from the site lies the town's main grocery-anchored shopping center, which had over 587,000 visits in the past year, along with a highly frequented home improvement store....

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,230 3,273 4,853
2023 Total Population : 1,247 3,348 4,970
2023 Employed Civilian Pop : 528 1,404 2,080
2023 Total Businesses : 144 207 237
2023 Average Household Income : $ 46,716 $ 56,423 $ 61,279
2023 Total Consumer Spending : $ 18 M $ 63 M $ 108 M
2023 Median Age : 43 44 45
2023 Total Households : 449 1,242 1,968
2023 Pop Age 25+: Bachelor's Degree : 88 268 403
2023 Average Home Value : $ 142,536 $ 168,371 $ 169,482
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Rodney Orr Bypass 2019 10,500 0.04 mi
Rodney Orr Bypass Sweetwater Rd 2022 9,529 0.08 mi
Sweetwater Road Rodney Orr Byp 2022 5,985 0.08 mi
East Main Street Rodney Orr Byp 2022 4,221 0.12 mi
Rodney Orr Byp Godfrey St 2004 10,000 0.12 mi
US 129 Five Point Rd 2022 6,862 0.17 mi
Rodney Orr Bypass Jordan St 2022 7,363 0.18 mi
Godfrey St 2022 1,201 0.20 mi
Five Point Rd Godfrey St 2004 1,500 0.21 mi
State Shed Road Five Point Rd 2022 205 0.23 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity