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Walgreens 3432 Edwards Mill Rd 13,813 SF Retail Building Raleigh, NC 27612 $7,035,437 CAD ($509.33 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Affluent surrounding area | $145,441 average household income within a 1-mile radius
- Corporate lease | Walgreen Co. | 8,886+ locations nationwide | 11+ years of lease term remaining
- Strong population growth within a 1-mile radius | 26.86% from ’10-‘24
- 5 minutes from UNC Rex Hospital | 665 beds
- Located inside of dense retail corridor | 2.5M SF within a 2-mile radius
- 10 minutes from North Carolina State University | 39,600+ students
EXECUTIVE SUMMARY
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Walgreens in Raleigh, NC. We welcome your review of this attractive investment.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,813 SF
Building Class
C
Year Built
2005
Price
$7,035,437 CAD
Price Per SF
$509.33 CAD
Cap Rate
6.25%
NOI
$439,715 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.95 AC
Zoning
NB - Neighborhood Business
Parking
70 Spaces (5.07 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0785.12-75-7701-000 | Improvements Assessment | $5,331,364 CAD |
| Land Assessment | $2,467,666 CAD | Total Assessment | $7,799,029 CAD |
PROPERTY TAXES
Parcel Number
0785.12-75-7701-000
Land Assessment
$2,467,666 CAD
Improvements Assessment
$5,331,364 CAD
Total Assessment
$7,799,029 CAD
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Walgreens | 3432 Edwards Mill Rd
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