4211 S NC Highway 11 - Drug Store FOR SALE


Winterville, NC 28590
$6,056,250 USD
925-231-1770
4211 S NC Highway 11, Winterville, NC for Sale
$6,056,250 USD
Drug Store - FOR SALE
1/6
null | 8% Cap Rate

4211 S NC Highway 11
Winterville, NC 28590


HIGHLIGHTS

  • Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee - NASDAQ:WBA
  • Top 500 Walgreens store according to Placer AI
  • Well Positioned along Busy Major Commercial Thoroughfare - 32,983 VPD
  • Dense Demographics - 95,564 Residents within a 5-Mile Radius

OVERVIEW

The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in Winterville, North Carolina. The lease calls for zero landlord obligations and corporately guaranteed by Walgreens. This Walgreens is one of the Top 500 Walgreens stores according to Placer AIBeyond the initial term, tenant has fifty (50) years of options with 12 month cancellation rights. This Walgreens benefits from its position along a busy major commercial thoroughfare with exposure to 32,983 vehicles per day along South Memorial Drive. The site is across the Street from Pitt Community College and neighbors major retailers including Sam's Club, Advance Auto Parts, Chick-fil-A, UPS, Dairy Queen, McDonald's, Starbucks, Papa Johns Pizza & many more.

FOR SALE DETAILS

PRICE

$6,056,250 USD

PRICE/SF

$418 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Leased Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

GB

APN/PARCEL ID

52964

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.