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Walgreens – Charlotte MSA, NC

Summary
  • Listing Price: $4,485,100
  • CAP Rate Current: 7.25%
  • Rentable Sq Ft: 13,813 SF
  • Lot Size: 74,923 SF (1.72 Acres)
  • Approx Year Built: 2003
  • Price Per Sq Ft: $324.70
Investment Highlights
  • Investment Grade Credit Tenant (S&P BBB & Moody’s Baa 2)
  • Essential Business Thriving During COVID-19 Pandemic
  • Rare Scheduled Rent Increases Every 5 Years
  • Absolute NNN Lease (No Landlord Responsibilities)
  • Long Term Seasoned Tenant
  • Signalized Hard Corner Location
  • Located on Main Retail Corridor Adjacent to Publix, Food Lion, and Aldi
  • Class “A” Brick Construction
  • 100,000+ People within 5 Miles
  • Average Household Income: $94,163 (Within 3 Miles)