218 East Doctor M.L.K. Jr Blvd - Drug Store FOR SALE


Roseboro, NC 28382
$2,590,000 USD
847-562-8500
218 East Doctor M.L.K. Jr Blvd, Roseboro, NC for Sale
$2,590,000 USD
Drug Store - FOR SALE
1/7
null | 8% Cap Rate

218 East Doctor M.L.K. Jr Blvd
Roseboro, NC 28382


HIGHLIGHTS

  • Food Lion outparcel
  • Over 13 years remain on the primary lease term
  • NNN lease – No landlord responsibilities
  • Successful operating history since 2013 and long-term extension in 2023 –demonstrating commitment
  • Neighboring tenants include Food Lion, O’Reilly Auto Parts, Hardee’s, James Trading Co., Subway, & several others
  • Proximity to DuBose Steel, a 400,000 square-foot steel processing plant

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Roseboro, North Carolina. Walgreens has successfully operated at this location since 2013 and extended the lease with a long-term extension in 2023 demonstrating commitment. The lease is absolute triple net featuring no landlord responsibilities. The lease runs through June 2038 leaving over 13 years of term remaining. Additionally, there are eleven 5-year renewal options. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 28 for total revenue. The 9,508-square-foot building is strategically located along East Doctor MLK Jr Boulevard, the primary thoroughfare in Roseboro, which sees over 8,500 vehicles per day. The property sits on an outparcel to Food Lion and is within close proximity to retailers such as O’Reilly Auto Parts, Hardee’s, James Trading Co., Subway, and several others. Additional traffic is generated by DuBose Steel, a 400,000-square-foot steel processing plant located nearby. Furthermore, the property is home to the only national pharmacy within a 12-mile radius. Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.

FOR SALE DETAILS

PRICE

$2,590,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

8%

% 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

2010

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

C

APN/PARCEL ID

08006371701

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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