1006 Monroe St - Freestanding FOR SALE
Carthage, NC 28327 |
$2,937,062 USD
754-216-1154
1006 Monroe St
Carthage, NC 28327
HIGHLIGHTS
- Reported $8.89 million in annual sales, with a 2.36% rent-to-sales ratio, well below industry averages. Sales have grown 3.66% annually since 2017
- Walgreens has shown commitment to this location with a 10-year lease extension, reflecting strong confidence in the site's continued performance
- Walgreens is operating at a below-average rent, making this a low-rent, high-sales location with strong tenant profitability
- The lease features rental increases of 5% in each option period, providing rent growth as opposed to a large portion of Walgreens
- This is the only national drugstore within a 10-mile radius, ensuring a dominant market position and reliable customer traffic
- Surrounded by national retailers such as Food Lion, McDonald's, Dollar General, AutoZone, Hardee's, Burger King, Bojangles, Sheetz and Subway
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 11,368 SF Walgreens Located at 1006 Monroe Street in Carthage, NC. This Property is Under an Absolute NNN Lease, Ensuring Zero Landlord Responsibilities For Investors; Walgreens Covers All Expenses, Including Taxes, Insurance, and Maintenance, Making This a True Passive Income Opportunity While Providing For a Secured Investment.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
FOR SALE DETAILS
PRICE
$2,937,062 USD
PRICE/SF
$258 USD /SF
CAP RATE
7.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens - Carthage, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Storefront, Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1.23 AC
LAND SF
53,579 SF
ZONING
HC
APN/PARCEL ID
8577-08-99-6056
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754-216-1154
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754-216-1154
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