We are pleased to market for sale the Walgreens property located at 1019 Grandiflora Drive in Leland, North Carolina ("The Property"). Walgreens has been successfully operating at this location for 16 years and has 8.75 years of firm term remaining before the option periods on an absolute net lease with no landlord obligations whatsoever.
Situated in the Wilmington MSA, the Property benefits by being in one of the fastest growing markets in North Carolina. Leland’s population has surged by 41% since the most recent Census in 2020 and is experiencing rapid new development. In 2023 alone, 464 new multi-housing units were constructed within 2 miles of the property, with an additional 714 units slated for completion in 2024.
Over the last 5 years, 180,000 square feet of retail space has been added within a 1-mile radius of the Property, totaling over 1,000,000 existing square feet of retail. This is the primary retail hub west of Wilmington for over 44 miles until Whiteville. The Property is strategically located off Andrew Jackson Highway NE, with over 71,000 vehicles per day, serving as the main east/west connector between Wilmington and Charlotte.
Listed in conjunction with Brian Brockman, Bang Realty, 513.898.1551, wg@bangrealty.com, NC DRE Lic. 2988998