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Walgreens 1712 S Stratford Rd 14,736 SF Retail Building Winston-Salem, NC 27103 $8,103,873 CAD ($549.94 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Long-Term Absolute Triple-Net (NNN) Lease | This investment property is subject to a 14-year, absolute triple-net (NNN) lease, with zero landlord resp
- Rare Rental Increases
- Corporate Guarantee | Walgreens is one of the nation's largest leading drugstore chains, operating 8,600+ drugstores with a presence in all 50 states
- Large Lot Size | This property features a large 1.98-acre lot located on a hard corner and a four-way signalized intersection.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Walgreens located at 1712 S Stratford Rd, Winston-Salem, NC 27103. The site consists of roughly 14,736 rentable square feet of building space on an estimated 1.98-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $370,500 and has scheduled increases of 5.00% every 5 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,736 SF
Building Class
C
Year Built
2007
Price
$8,103,873 CAD
Price Per SF
$549.94 CAD
Cap Rate
6.25%
NOI
$506,492 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.98 AC
Zoning
RH-1 - Comercial
Parking
59 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 6814-46-1681 | Improvements Assessment | $3,924,166 CAD |
| Land Assessment | $2,883,325 CAD | Total Assessment | $6,807,491 CAD |
Property Taxes
Parcel Number
6814-46-1681
Land Assessment
$2,883,325 CAD
Improvements Assessment
$3,924,166 CAD
Total Assessment
$6,807,491 CAD
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Walgreens | 1712 S Stratford Rd
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