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Walgreens 1500 E Broad Ave 14,550 SF Retail Building Rockingham, NC 28379 $5,278,177 CAD ($362.76 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent positioning within the main retail corridor in town
- Located inside of primary retail corridor in the surrounding area | 1.3M SF within a 1-mile radius
- Large parcel | 1.44 acres
- Signalized corner intersection shared with Lowe’s anchored shopping center and Richmond Plaza shopping mall | 29,000 VPD Combined
- Long operating history | Leased since 2008
- Less than 1 mile from First Health Moore Regional Hospital Richmond | 99 beds
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Rockingham, NC. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2009
Price
$5,278,177 CAD
Price Per SF
$362.76 CAD
Cap Rate
7.75%
NOI
$409,000 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.44 AC
Zoning
Commercial
Parking
54 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
265’ on Broad Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 747202-56-7645 | Improvements Assessment | $2,493,081 CAD |
| Land Assessment | $581,011 CAD | Total Assessment | $3,074,091 CAD |
PROPERTY TAXES
Parcel Number
747202-56-7645
Land Assessment
$581,011 CAD
Improvements Assessment
$2,493,081 CAD
Total Assessment
$3,074,091 CAD
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Walgreens | 1500 E Broad Ave
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