3793 Guess Rd - Drug Store FOR SALE


Durham, NC 27705
$5,287,500 USD
925-231-1770
3793 Guess Rd, Durham, NC for Sale
$5,287,500 USD
Drug Store - FOR SALE
1/24
null | 8% Cap Rate

3793 Guess Rd
Durham, NC 27705


HIGHLIGHTS

  • Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee - NASDAQ:WBA
  • Hard Corner Location with Excellent Ingress & Egress Points
  • Strong Surrounding Demographics

OVERVIEW

This is the opportunity to purchase an absolute NNN leased Walgreens in Durham, NC. The property is situated on 1.3 acres and consists of a 10,513 square-foot building. The lease calls for zero landlord obligations and is corporately guaranteed by Walgreens. Beyond the initial term, tenant has fifty (50) years of options with 12 month cancellation rights. The property is well located with strong surrounding demographics. There are over 120,000 people living within a 5-mile radius of the property. The property is located on a major commercial thoroughfare and neighboring retailers include Dollar Tree, Food Lion, Ollie's Bargain Outlet, Starbucks and many others.

FOR SALE DETAILS

PRICE

$5,287,500 USD

PRICE/SF

$503 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Lease Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

CROSS STREETS

Horton Rd

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

SC

APN/PARCEL ID

173224

ASK ABOUT THIS PROPERTY

Jacob AbusharkhThe Kase GroupMore Info
925-231-1770

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Jacob AbusharkhThe Kase GroupMore Info
925-231-1770

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