301 N Main St - Drug Store FOR SALE
Holly Springs, NC 27540 |
301 N Main St
Holly Springs, NC 27540
HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens parent corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
- ABSOLUTE NET LEASE WITH OVER 7.5 YRS – Lease with 7.5 years remaining, 10 (5-yr) options and absolute net lease with no landlord responsibilities.
- NEW HOSPITAL LOCATED 1.1 MI SOUTH - A new 50-bed UNC Health REX hospital will open to patients Fall of 2021 and is located just over a mile south.
- HISTORY OF STRONG STORE PERFORMANCE - Walgreens has reported strong sales with an approximate 10% increase year over year for last two years.
- ONLY WALGREENS IN 4-MI RADIUS – One of only two national brand freestanding drugstores in Holly Springs and is the only Walgreens in a 4-mile radius.
- AFFLUENT HH INCOME OF $126,000 IN 5-MI RAD – Avg. HH income in 1-mi radius is $120,196, in 3-mi radius it is $128,798 and $126,617 in 5-mi radius.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Walgreens Abs Net $4.8M 7.5 Yrs
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
14560
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
57
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
0649.16-83-9487-000
