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Walgreens: Chapel Hill, NC 1670 Martin Luther King Jr Blvd 15,990 SF Retail Building Chapel Hill, NC 27514 $9,662,548 CAD ($604.29 CAD/SF) 6.50% Cap Rate

Drug Stores North Carolina Chapel Hill 1670 Martin Luther King Jr Blvd, Chapel Hill, NC 27514

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease | Operating since 2016 | Fifty-Five, One-Year Renewal Options
  • Excellent Access & Visibility Along MLK Jr Boulevard (23,000 VPD) | Feet from Signalized Intersection with Weaver Dairy Road (15,000 VPD)
  • Strategic Location | Part of the 3.29 AC Weaver Crossing Center with UNC Health
  • Strong Performer | Above Average Sales
  • Less Than 1 Mile to I-40 (73,500 VPD) - providing access to Raleigh, Greensboro, Durham & Winston-Salem
  • Less than 4 Miles from UNC Chapel Hill

EXECUTIVE SUMMARY

The CBRE Net Lease Property Group is pleased to offer for sale the 15,990-square-foot Walgreens situated on 1.52 acres in Chapel Hill, North Carolina (MSA Population: 620,668). Operating since 2016, Walgreens’ absolute NNN lease features ±10.7 years of term remaining and fifty-five, one-year renewal options.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,990 SF
Building Class
A
Year Built
2016
Price
$9,662,548 CAD
Price Per SF
$604.29 CAD
Cap Rate
6.50%
NOI
$628,065 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.52 AC
Zoning
Commercial
Parking
46 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
108’ on Martin Luther King Jr Blv

AMENITIES

  • Bus Line
  • Signage
  • Drive Thru
1 1
Bike Score®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Bank of America
Orangetheory Fitness
Food Lion
Harris Teeter
Starbucks
Cross Fit Local

PROPERTY TAXES

Parcel Number 9880351310 Improvements Assessment $4,874,075 CAD
Land Assessment $1,974,964 CAD Total Assessment $6,849,039 CAD

PROPERTY TAXES

Parcel Number
9880351310
Land Assessment
$1,974,964 CAD
Improvements Assessment
$4,874,075 CAD
Total Assessment
$6,849,039 CAD
(703) 477-1315

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Thomas Carr
    Thomas Carr
  • Brian Pfohl
    Brian Pfohl
  • Kaitlyn Wolf
    Kaitlyn Wolf
  • Leah Lindell
    Leah Lindell

  • Listing ID: 36014616

  • Date on Market: 2025-05-28

  • Last Updated:

  • Address: 1670 Martin Luther King Jr Blvd, Chapel Hill, NC 27514

The Chapel Hill North Retail Property at 1670 Martin Luther King Jr Blvd, Chapel Hill, NC 27514 is currently available. Contact CBRE for more information.

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1670 Martin Luther King Jr Blvd, Chapel Hill, NC for sale Building Photo- Image 1 of 7
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1670 Martin Luther King Jr Blvd, Chapel Hill, NC for sale Building Photo- Image 2 of 7
Stats & Aerial
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1670 Martin Luther King Jr Blvd, Chapel Hill, NC for sale Building Photo- Image 4 of 7
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1670 Martin Luther King Jr Blvd, Chapel Hill, NC for sale Building Photo- Image 5 of 7
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Walgreens: Chapel Hill, NC | 1670 Martin Luther King Jr Blvd
(703) 477-1315 x

Walgreens: Chapel Hill, NC | 1670 Martin Luther King Jr Blvd

Thomas Carr
(703) 477-1315

Brian Pfohl
(404) 504-7900

Kaitlyn Wolf
(770) 656-6973

Leah Lindell
(404) 812-5136

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