1712 S Stratford Rd - Drug Store FOR SALE


Winston-Salem, NC 27103
$6,175,000 USD
332-345-4222
1712 S Stratford Rd, Winston-Salem, NC for Sale
$6,175,000 USD
Drug Store - FOR SALE
1/2
null | 6% Cap Rate

1712 S Stratford Rd
Winston-Salem, NC 27103


HIGHLIGHTS

  • Long-Term Absolute Triple-Net (NNN) Lease
  • Corporate Guarantee
  • Rare Rental Increases
  • Large Lot Size

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Walgreens located at 1712 S Stratford Rd, Winston-Salem, NC 27103. The site consists of roughly 14,736 rentable square feet of building space on an estimated 1.98-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $370,500 and has scheduled increases of 5.00% every 5 years.

FOR SALE DETAILS

PRICE

$6,175,000 USD

PRICE/SF

$419 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

RH-1

APN/PARCEL ID

6814-46-1681

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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