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.