Your email has been sent.
Walgreens 3703 Lawndale Dr 14,430 SF Retail Building Greensboro, NC 27455 $6,436,920 CAD ($446.08 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Densely Populated Area in High Growth Greensboro MSA
- Well Positioned Oversized Parcel
- Attractive Lease Fundamentals
EXECUTIVE SUMMARY
- 5% Rental Increases every 5 Years
- Twelve (12) five (5) year extensions
- Abs. NNN Lease, Zero Landlord Responsibilities
- Corporate Lease - Walgreens Co.
Densely Populated Area in High Growth Greensboro MSA
- 107K people live in a 3-mile radius with high discretionary income (AHHI ~$107K)
- Greensboro is the third largest city in North Carolina with 2% annual population growth rate
Located in Strong Retail Node
- More than 1.2MSF of retail space located in a 1-mile radius
- Retailers in the area have an overall vacancy rate of 1.8%
- Nearby major retailers include: Walmart Supercenter, Target, Trader Joe’s, Aldi and a top performing Lowes Home Improvement (top 89th percentile - Placer.ai)
Nearby Universities & Colleges
- 4.5 miles from University of North Carolina Greensboro
- 4.2 miles from Greensboro College | 5.5 miles to NCA&T
- Over 36k total students and 5,000 total employees from all three universities
Well Positioned Oversized Parcel
- Subject Site is positioned on two lighted intersections with full access on two roads (Lawndale Dr - 24K VPD & Martinsville Rd)
- Fronting three roads (Lawndale Dr, Martinsville Rd, and Pisgah Church Rd - 19K VPD)
- Over 1.70 acres providing future redevelopment opportunity
New Development in Greensboro, NC
- Toyota is building a $13.9 Billion dollar battery plant in Greensboro bringing in over 5,000 jobs
- Boom Supersonic is building a super factory in Greensboro which is a $500 million dollar project bringing in over 1,750 Jobs
- Honda Aircraft Company is expanding operations and investing $55.7 million dollars into the area adding 280 high skilled jobs
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 14,430 SF
- -
- Triple Net
- Feb 2029
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 14,430 SF | - | Triple Net | Feb 2029 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0055942 | Improvements Assessment | $2,994,776 CAD |
| Land Assessment | $1,655,027 CAD | Total Assessment | $4,649,803 CAD |
PROPERTY TAXES
Presented by
Walgreens | 3703 Lawndale Dr
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.