103 N Walnut St - Freestanding FOR SALE


Fairmont, NC 28340
$1,605,000 USD
202-286-1542
103 N Walnut St, Fairmont, NC for Sale
$1,605,000 USD
Freestanding - FOR SALE
1/7
null | 6% Cap Rate

103 N Walnut St
Fairmont, NC 28340


HIGHLIGHTS

  • Ideal, management-free investment for an out-of-state, passive investor
  • The immediate trade area is supported by surrounding retailers such as Food Lion, Dollar Tree, Advance Auto Parts, Family Dollar, and more
  • The asset has excellent visibility and multiple points of ingress/egress
  • More than 7,000 residents and 1,500 employees support the trade area

OVERVIEW

• Walgreens recently signed a brand new 10-year lease with 11 (5-year) options to extend, demonstrating their committment to this location • As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and well-being of every community in America • Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 9 million customers each day • Walgreens recently relocated from an in-line store to a free-standing store w/ drive-thru, enhancing the services in town while providing ease and convenience for its customers. • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • No landlord responsibilities • Walgreens is located at the hard corner of N Walnut St and Leesville St averaging 9,000 VPD • The Cooper is a reference to BMW’s Mini Cooper • Walgreens small-format pharmacy was inspired in part by Walgreens stores near health care systems that are smaller in size and cater to customers picking up medication after getting discharged from the hospital. The stores have a more open concept and get daily deliveries, so they have less stock in the back • $52,862 average household income

FOR SALE DETAILS

PRICE

$1,605,000 USD

PRICE/SF

$627 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens - Fairmont, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

Commercial

APN/PARCEL ID

3006-01-037

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.